PSEG Solar Source acquires 37.8 MW-dc solar energy facility from Juwi for $60m

PSEG Solar Source has acquired a 37.8 MW-dc solar energy facility from juwi Inc. for $6 million. The facility located in Las Animas County, Colorado will be named PSEG San Isabel Solar Energy Center. It will increase the capacity of PSEG Solar Source’s portfolio to 315 MW-dc.

The PSEG San Isabel Solar Energy Center has a 25-year power purchase agreement with Tri-State Generation and Transmission Association, Inc. The facility spread across 300 acres of land has a 25-year lease with a private property-owner.

Juwi developed the project and will act as it’s the engineering, procurement and construction contractor and operator. The acquired facility from Juwi will use approximately 121,000 poly-crystalline panels with tier one inverters. Commercial operations are expected to begin by the end of this year.

“Over the last few months, we have substantially increased our portfolio of cost-effective, community based solar solutions and brought the benefits of renewable energy to communities across the country,” said Diana Drysdale, president of PSEG Solar Source.  “With the PSEG San Isabel Solar Energy Center, we are expanding our presence in Colorado and will deliver enough clean, reliable energy to power over 9,600 local homes.”