PSEG Solar Source acquired a 37.8 MW solar energy facility from juwi Inc. The facility, to be called the PSEG San Isabel Solar Energy Center, is located in Las Animas County, Colorado about 165 miles south of Denver.
This latest addition represents an investment of over $60 million and will increase the capacity of PSEG Solar Source's portfolio to 315 MW.
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. It sits on about 300 acres and has a 25-year lease with a private landowner.
juwi developed the project and will act as its the engineering, procurement and construction contractor and operator. The facility will use about 121,000 poly-crystalline panels with tier one inverters. Construction is underway and commercial operations are expected to begin by the end of the year.
This is PSEG Solar Source's 17th utility-scale project in 12 states and the second in Colorado. Its other projects are located in Arizona, California, Delaware, Florida, Maryland, New Jersey, North Carolina, Ohio, Texas, Utah and Vermont.
PSEG Solar Source is a unit of PSEG Power, a merchant power generation company which is part of the Public Service Enterprise Group family of companies. PSEG is a publicly-traded diversified energy company with annual revenues of $10.4 billion. Its other main units are Public Service Electric and Gas Co., a regulated NJ gas and electric utility and PSEG Long Island, which operates the transmission and distribution assets of the Long Island Power Authority.