PSEG Solar Source acquires solar projects
PSEG Solar Source, the solar-energy subsidiary of New Jersey's Public Service Enterprise Group, acquired projects in California and Utah for $110 million that increase the company's solar capacity to 214.6 megawatts.
PSEG Solar Source, the solar-energy subsidiary of New Jersey's Public Service Enterprise Group, acquired projects in California and Utah for $110 million that increase the company's solar capacity to 214.6 megawatts.
The company bought two projects from Colorado solar developer Juwi Inc.: a 3.9 MW facility in Livermore, California; and a 62.7 MW project in Millard County, Utah.
The California project, to be named PSEG Lawrence Livermore Solar Energy Center, is currently under construction on the grounds of the Lawrence Livermore National Laboratory, about 45 miles east of San Francisco. It is scheduled to begin operations in a few months.
The Utah project, called the PSEG Pavant II Solar Energy Center, will be located on 415 acres about 110 miles south of Salt Lake City. It is expected to begin operations at the end of 2016.
Both projects include 20-year power purchase agreements to sell the electricity to utilities. Juwi will operate both projects on behalf of PSEG Solar Source.
PSEG Solar Source now has 14 utility solar facilities in 10 states including Utah, Maryland, Arizona, California, Delaware, Florida, Ohio, Texas, Vermont and New Jersey.
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