Commercial, Distributed Generation, Solar, Sourcing Renewables - March 21, 2016
PSEG acquires Colorado solar project
Public Service Enterprise Group subsidiary PSEG Solar Source announced it acquired a 37.8-MW solar plant from juwi. The facility, to be called the PSEG San Isabel Solar Energy Center, is located in Las Animas County, Colo., about 165 miles south of Denver.
The PSEG San Isabel Solar Energy Center has a 25-year power purchase agreement with Tri-State Generation and Transmission Association, Inc., a wholesale electricity generation and transmission provider, according to a release. It sits on approximately 300 acres and has a 25-year lease with a private landowner.
"Over the last few months, we have substantially increased our portfolio of cost-effective, community based solar solutions and brought the benefits of renewable energy to communities across the country," Diana Drysdale, president of PSEG Solar Source said in a news release. "With the PSEG San Isabel Solar Energy Center, we are expanding our presence in Colorado and will deliver enough clean, reliable energy to power over 9,600 local homes."
Construction is underway and commercial operations are expected to begin by the end of the year.
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