Crossroads Agriculture to provide NextEra farmland for one gigawatt of solar
Post date: 21/04/2023 - 12:32
U.S. agricultural company Crorroads Agriculture announced that it has entered into an agreement with a subsidiary of NextEra Energy Resources, LLC to develop two photovoltaic projects totaling »more than one gigawatt.« The projects are to be built on Crossroads farmland near Haswell and Cheyenne Wells in Colorado's Eastern Plains, according to the statement. Details on financing or timing were not provided.
NextEra Energy Resources is the power generation division of NextEra Energy, which operates in the U.S. and Canada, and is considered the world’s largest producer of renewable electricity. Crossroads Agriculture is part of the conglomerate Soloviev Group, with around 30 wind turbines already in operation on its agricultural land in New Mexico, around 40 more to be added next year on land in Colorado, and »hundreds more anticipated in the years to come«. Referring to the now-planned use of land for photovoltaics, the company pointed to the »abundant sunshine« in the Eastern Plains. Solar power plants, with their 30-year operating time, would allow »the farmland and groundwater aquifer below to rest and regenerate.«