PSEG acquires 12.9MW solar power plant in Maryland

Public Service Enterprise Group (PSEG)’s Solar Source subsidiary has acquired a 12.9MW solar power plant from Colorado based solar generator, juwi.

Construction is to begin in early 2015 with juwi as engineering, procurement and construction (EPC) contractor. Juwi also developed the project and will operate it once complete. The plant is scheduled to be operational by June 2015.

The 12.9MW solar facility is to be named the PSEG Waldorf Solar Energy Center and will see 40,000, 315-watt solar panels installed near Waldorf, in the US state of Maryland.

The plant has 20-year Power Purchase Agreement (PPA) with Southern Maryland Electric Cooperative (SMECO).

“We are pleased to work together with PSEG to realise another solar power plant on the East Coast," said Mike Martin, JSI's president and CEO. “Our plan is to break ground before the end of the year, and we look forward to bringing on-line a generation facility that will provide cost-effective solar power to SMECO.”

PSEG’s solar portfolio will reach 123MW with the new acquisition, with 11 solar projects now in its portfolio.

PSEG’s other projects are located in Arizona, California, Delaware, Florida, Ohio, Texas, Vermont and New Jersey. 

“We are pleased to be providing safe, clean reliable energy to the residents of southern Maryland," said Diana Drysdale, president of PSEG Solar Source. “We now have 10 plants in operation and one plant in construction, across nine states and are continuing to focus our efforts on expanding our solar portfolio across the country.”