The solar energy plant, which will serve the state's Alamosa County, will be the largest solar energy plant in Colorado and generate 19 megawatts of power. The plant will utilize SunPower's T20 Tracker systems that tilt solar panels to move with the sun as it moves across the sky in order to maximize the amount of power they can generate by up to 30 percent.
"Today, high-efficiency solar PV technology is competitively priced for power plant applications. It's fast to install, and delivers clean, renewable solar power during the times of day when demand is at its peak," said SunPower CEO Tom Werner. "As a result of their investment, MetLife and Hancock are part of the solution to ensure the health of our economy and our environment. We are thrilled to initiate this relationship with such sophisticated, long-term investors."
Steve Kandarian, the executive vice president and chief investment officer for MetLife, added that the investment in the solar energy plant was just the latest in the company's $1 billion investments concerning renewable energy products.
