PSEG Solar Source Acquires 36.3 MW Colorado Project

Posted by Joseph Bebon on February 24, 2016 No Comments
Categories : Projects & Contracts

PSEG Solar Source has acquired a 36.3 MW solar energy facility from juwi Inc. The facility, to be called the PSEG Larimer Solar Energy Center, is located 25 miles north of Fort Collins, Colo., and this latest addition to PSEG Solar Source’s portfolio represents an investment of over $54 million.

The Larimer Solar Energy Center has a 25-year power purchase agreement with the Platte River Power Authority (PRPA), a wholesale generation and transmission provider that originally called the project Rawhide Flats Solar. It will be built on a 290-acre site leased from the power authority and provide enough electricity to power 7,800 Colorado homes, according to PSEG Solar Source.

juwi developed the project and is acting as its engineering, procurement and construction contractor. Construction is under way, and commercial operations are expected to begin by the end of the year. The facility will use approximately 117,000 polycrystalline panels.

“Commencement of construction on this project was an important milestone for us, particularly since it represents the first utility-scale solar project that we successfully developed in our home state of Colorado,” says Michael Martin, president of juwi. “We are pleased to work with PSEG Solar Source to add another project to its portfolio and look forward to the day it will begin producing affordable and clean energy for the Platte River Power Authority and all of its owner communities.”

With this acquisition, PSEG Solar Source now has 16 utility-scale projects in 12 states with a total capacity of 277 MW.

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