PSEG Solar Source acquires 6.6 MW solar project from BayWa r.e.

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
PSEG Solar Source acquires 6.6 MW solar project from BayWa r.e.

PSEG Solar Source has announced it has acquired a 6.6 MW-DC solar energy facility from BayWa r.e. Solar Projects representing an investment of US$12.2 million. The PSEG Hemlock Solar Energy Center is under construction and scheduled to begin operations later this year. 

The PSEG Hemlock Solar Energy Center has a 15-year power purchase agreement with Virginia Electric and Power Co. 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. Diana Drysdale, president of PSEG Solar Source said:

“We are very pleased to team up with BayWa r.e. on this project, which will bring more clean energy resources to North Carolina. 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. Jam Attari, CEO of BayWa r.e. Solar Projects said:

“BayWa r.e. is excited to have partnered with PSEG in the continuing transformation to a greener and lower cost grid. This world class facility could not have been completed without the tireless support and involvement from the Northhampton County community and our partners.”

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, N.C., and went online 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.

List of country news

Country news

  • November 29, 2016

    Axium Infrastructure announces acquisition of 110 MW solar portfolio from Renewable Energy Trust Capital

    Axium Infrastructure has acquired 100% interest in a 84 MWAC solar portfolio from Renewable Energy Trust Capital.

    Read more
  • November 28, 2016

    8point3 Energy Partners enters into agreement to acquire stake in 300-MW Stateline Solar Project

    8point3 Energy Partners has announced that it has entered into an agreement to acquire First Solar's 34 percent stake in its 300-megawatt (MW) Stateline solar project for US$329.5 million. Read more
  • November 28, 2016

    sPower closes $434 Million for its Beacon Solar Projects

    sPower, a private owner of utility-scale solar operating assets, has announced the completion of a tax equity investment and construction/term loan totaling US$434 million. Read more
  • November 25, 2016

    Basalt and Soltage invest US$14 M in US solar partnership

    Marathon Capital has announce that Soltage and Basalt Infrastructure Partners have completed the first close of US$70 million on a US$140 million equity capital partnership to fund over 100 MW of commercial and industrial (C&I) and utility-scale pipeline of solar projects across the United States. Read more
  • November 24, 2016

    Cypress Creek Renewables announces acquisition of North Carolina-Based FLS Energy

    Cypress Creek Renewables has announced the acquisition of North Carolina-Based solar energy engineering, construction and procurement firm, FLS Energy. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.