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Xcel Energy Inc. will buy power from a 50-megawatt solar power plant to be built in Colorado’s San Luis Valley, according to a deal it’s signed with SunPower Corp.
Xcel (NYSE: XEL) is Colorado’s biggest utility. SunPower (NASDAQ: SPWR) is based in San Jose, Calif., has offices around the world and focuses on solar power systems for residential, business, government and utility customers.
State regulators in December granted Xcel permission to 170 megawatts worth of utility-scale solar power.
The…