PSEG Solar Acquires Two Projects in North Carolina

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By Editors of Power Engineering

PSEG Solar Source announced it has acquired two North Carolina solar facilities from BayWa r.e. for a combined $74.6 million.

The Cork Oak Solar Energy Center and Sunflower Solar Energy Center, both under construction 90 miles northeast of Raleigh in Halifax, North Carolina, have a total capacity of 47 MW.

The two have a 10-year power purchase agreement with Virginia Electric and Power Co., and are the second and third projects PSEG Solar Source has developed in collaboration with BayWa r.e.

BayWa r.e. remains the engineering, procurement and construction contractor for both projects and will operate them when they enter into operation later this year.

PSEG Solar Source now has 21 solar facilities in 13 states totaling 326 MW.

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