PSEG Solar Source announced it has acquired a 37.8 MW-dc solar energy facility from juwi Inc. (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 $60 million and 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., a wholesale electricity generation and transmission provider. It sits on approximately 300 acres and has a 25-year lease with a private landowner.
“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.”