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.

Read more mergers and acquisitions news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...