PSEG Solar acquires 15 MW project

PSEG Solar Source has completed the acquisition of a 15 MW DC solar project in Milford, Del., from juwi solar Inc. (JSI). Under separate agreements, JSI will engineer, procure, and oversee construction of the facility as well as perform operation and maintenance services for the project.

The project has a power purchase agreement for energy and solar renewable energy credits with Delaware Municipal Electric Corp. The project will be owned by PSEG Solar Source, a subsidiary of New Jersey-based PSEG. Upon completion, the PSEG Milford Solar Farm will be largest solar farm in the state of Delaware.

The PSEG Milford Solar Farm is expected to be completed in the 4th quarter of 2012. The $50 million project will be located on 80 acres of land and will create approximately 100 jobs during construction.

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