PSEG Solar Source to acquire 13 MW Texas Solar Project from juwi

PSEG Solar Source will acquire the 13MW solar energy facility "PSEG El Paso Solar Energy Center" near El Paso, Texas, USA, from juwi solar (JSI), a privately-held solar energy generation company based in Boulder, Colorado.

The project was originally developed by JSI and has a 30-year power purchase agreement (PPA) with El Paso Electric Company.

The plant is located 14 miles north of El Paso, adjacent to the existing El Paso Electric Newman Generating Station. The US$22 million acquisition will increase PSEG’s Solar Source’s portfolio capacity to 106 MWdc.

Diana Drysdale, president of PSEG Solar Source, stated:

We are actively evaluating solar projects throughout North America and are pleased to be making our first solar investment in Texas. In addition to continuing our expansion into more states, this project will increase our solar capacity to more than 100 megawatts, which is a great milestone as we build our business.

JSI 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 the end of 2014. The project will use JA solar panels.

Mike Martin, JSI’s President and CEO, stated:

We are pleased to be back in Texas and building another solar project. This project makes sense economically and environmentally, and we are encouraged that well-established companies like PSEG Solar Source and El Paso Electric continue to dedicate significant resources and efforts to the renewable energy industry.

This is the 8th 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.