Holland & Hart represented Clearway Energy Group (Clearway), a leading integrated clean energy company, in connection with the construction of, and procurement of major equipment for, the Spindle Energy Center, a 199-megawatt (MW) battery energy storage system located in Weld County, Colorado. The $261 million project will use American-made 2-hour Tesla batteries and store up to 398 MWh of dispatchable power. Spindle is contracted with Public Service Company of Colorado, an Xcel Energy subsidiary, under a long-term agreement providing reliable, dispatchable power to the region.
The Spindle Energy Center has begun construction—Clearway partnered with Blattner Energy—which will create nearly 80 jobs. Spindle expects to reach commercial operations in late 2026 and generate more than $12 million in tax revenue over the life of the project supporting area schools, hospitals, and emergency responders.
For more information, please see Clearway's press release.
The Holland & Hart transaction team was led by partner Ashley Wald, with assistance from Adam Cohen, Melissa Braun, Megan Decker, JT Iacovetta, Morgan Thompson, and Eric Wolaver, among others.
The firm's Renewable Energy and Storage team has been at the vanguard of the renewable energy industry for decades and serves clients in the ever-changing, complex clean energy market. The team brings specialized experience in renewable energy and storage project finance and development to this dynamic market. We help clients capitalize on existing solar, wind, hydro, geothermal, and other renewable energy technologies in addition to battery storage technologies—as well as innovative new energy opportunities—as part of the global transition to a clean energy economy.