PSEG Solar Source on Nov. 21 announced that it has acquired a 6.6-MW (dc) solar facility in North Carolina from BayWa r.e. Solar Projects, which represents an investment of $12.2 million.
The PSEG Hemlock Solar Energy Center is under construction and scheduled to begin operations later this year. The project has a 15-year power purchase agreement with Virginia Electric and Power d/b/a Dominion North Carolina Power. The facility occupies 48 acres that are under a 35-year lease with a private landowner and is located in Northampton County, N.C., about 90 miles northeast of Raleigh.
“We are very pleased to team up with BayWa r.e. on this project, which will bring more clean energy resources to North Carolina,” said Diana Drysdale, president of PSEG Solar Source. “This acquisition represents another milestone in growing our business and illustrates PSEG’s commitment to providing a sustainable energy future.”
BayWa r.e. is the engineering, procurement and construction contractor and will operate the project for PSEG Solar Source upon completion. The facility will use approximately 20,500 poly-crystalline Trina Solar panels with SMA inverters.
“BayWa r.e. is excited to have partnered with PSEG in the continuing transformation to a greener and lower cost grid,” said Jam Attari, CEO of BayWa r.e. Solar Projects.
PSEG Solar Source owns two other solar facilities in North Carolina. The PSEG Turkey Creek Solar Center is being built about five miles away, also in Northampton County. The PSEG Meadows Solar Center is located in Martin County and went on-line in June.
PSEG Solar Source now has 20 utility-scale projects in 13 states. The company currently has 215 MW (dc) in operation with another 135 MW (dc) in construction and on schedule to be operational by the end of the year.
PSEG Solar Source is a subsidiary of PSEG Power, a merchant power generation company which is part of the Public Service Enterprise Group (NYSE: PEG) family of companies.
BayWa r.e. Solar Projects, a wholly owned subsidiary of BayWa r.e. GmbH, is responsible for the BayWa group’s solar project business in North America. Founded in 2009 and based in Munich, BayWa r.e. acts as a holding company for various business interests in the areas of solar, wind energy, bio-energy and geothermal energy globally as part of BayWa AG, a $17 billion global company founded in 1923.