LS Power snaps us 25 new solar assets to bolster portfolio

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
The acquisition represents a substantial addition to LS Power’s energy portfolio. Image: Pixabay 

US solar developer LS Power has acquired 25 solar power facilities from Public Service Enterprise Group (PSEG) totalling 468MWdc.

Spread over 14 US states and five regional transmission organisations (RTOs), the acquisition includes twelve facilities in PJM (199MWdc), seven facilities in CAISO/WEIM (152MWdc), four in SERC/SW (103MWdc), one in NYISO (10.6MWdc), and one in ISO-NE (3.6MWdc).

The additions to LS Power’s portfolio will benefit from power off-take agreements with a number of utilities, electric cooperatives and other large energy suppliers.

LS Power, whose portfolio also includes a 4GW battery storage platform, has developed, constructed, managed and acquired more than 45GW and over 660 miles of transmission infrastructure.

“This acquisition, along with our other investments in the clean energy space, highlights LS Power’s commitment to scaling a diversified development and operating platform that will drive the decarbonization of our economy,” said LS Power CEO Paul Segal.

Read Next

December 3, 2021
Koch Engineered Solutions (KES) LLC has acquired US engineering, procurement and construction (EPC) firm DEPCOM, which specialises in utility-scale solar PV projects, for an undisclosed amount
December 2, 2021
Japanese electrical engineering and software company Yokogawa Electric Corporation has acquired all of the outstanding shares of renewable and distributed energy software company PXiSE Energy Solutions LLC for an undisclosed amount
December 2, 2021
Renewables developer BayWa r.e. has acquired Beacon Solar, the solar distribution division of Beacon, and will look to “cross-sell” solar and roofing products in the near future as it continues to expand across the US.
PV Tech Premium
November 30, 2021
Array Technologies reveals to PV Tech Premium the core motivations behind its US$652m deal to acquire STI Norland, creating what it says is the world’s biggest tracker company, from stronger supply chains to an ability to target more international markets
November 25, 2021
Assurance and risk management provider DNV is acquiring cyber security firm Applied Risk as it looks to build a security practice focused on defending industrial assets against emergent cyber threats.
PV Tech Premium
November 24, 2021
PV Tech Premium speaks with ADT's customer chief to discuss the company's acquisition of Sunpro Solar and its residential solar growth strategy

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 1, 2022
London, UK
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal