PSEG Solar Source plans to buy a 13 MW (DC) solar energy facility near El Paso, Texas from juwi solar. The project was originally developed by juwi and has a 30-year power purchase agreement with El Paso Electric Co.
Public Service Enterprise Group (PSEG) is a publicly traded diversified energy company with annual revenues of $10 billion. Its operating units are: PSEG Power, Public Service Electric and Gas Co. (PSE&G) and PSEG Long Island.
The solar power plant, to be called the PSEG El Paso Solar Energy Center is located 14 miles north of El Paso, adjacent to the existing El Paso Electric Newman Generating Station. The $22 million acquisition will increase PSEG's Solar Source's portfolio capacity to 106 MW (DC).
juwi is the engineering, procurement and construction contractor for the project and will operate the project for PSEG Solar Source upon completion. Construction has already commenced and is expected to be completed by year's end. The project will use JA solar panels.
This is the eight solar project in seven states for PSEG Solar Source. PSEG Solar Source also owns solar projects in California, Arizona, Delaware, Ohio, Florida and New Jersey.