PSEG Solar Source, a subsidiary of the Public Service Enterprise Group, has announced it will acquire a 13 MW solar project in Texas from juwi solar for $22 million.
To be dubbed the PSEG El Paso Solar Energy Center, the project is located 14 miles north of El Paso. juwi is the engineering, procurement and construction contractor for the project and will operate the facility for PSEG Solar Source upon completion. Construction has already commenced, and the solar farm is slated to be online by year-end. The project will use JA solar panels and has a 30-year power purchase agreement with El Paso Electric Co.
‘We are actively evaluating solar projects throughout North America and are pleased to be making our first solar investment in Texas,’ comments Diana Drysdale, president of PSEG Solar Source. ‘In addition to continuing our expansion into more states, this project will increase our solar capacity to more than 100 megawatts, which is a great milestone as we build our business.’
This is the eight solar project in seven states for PSEG Solar Source, bringing its total portfolio to 106 MW. The company also owns solar projects in California, Arizona, Delaware, Ohio, Florida and New Jersey.