PSEG affiliate buys roughly 38-MW solar project in Colorado

PSEG Solar Source said March 21 that it has purchased a 37.8 MW-dc solar energy facility from juwi. The facility, to be called the PSEG San Isabel Solar Energy Center, is located in Las Animas County, Colorado, about 165 miles south of Denver.

This latest addition represents an investment of over $60m and will increase the capacity of PSEG Solar Source’s portfolio to 315 MW-dc.

PSEG Solar Source is part of the Public Service Enterprise Group (PSEG) (NYSE:PEG) family of companies.

The PSEG San Isabel Solar Energy Center has a 25-year power purchase agreement with Tri-State Generation and Transmission Association, Inc., a wholesale electricity generation and transmission provider. It sits on approximately 300 acres and has a 25-year lease with a private landowner.

juwi developed the project and will act as its the engineering, procurement and construction (EPC) contractor and operator. The facility will use approximately 121,000 poly-crystalline panels with tier one inverters. Construction is underway and commercial operations are expected to begin by the end of the year.

This marks the second purchase of a juwi solar project in Colorado that the PSEG company has announced in the past month. It bought the Larimer solar project in February.

It has also done deals with juwi for projects in Utah and California.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.