PSEG Solar Source announced Wednesday that it has acquired a 10.5MW PV project from Obsidian Renewables for an investment of US$21 million.
The installation, which will be called the PSEG Lake County Solar Energy Center, is located in Lake County, Oregon. The PSEG Lake County Solar Energy Center has a 20-year power purchase agreement with PacificCorp — a subsidiary of Berkshire Hathaway Energy. It sits on 26 hectares of land under a 35-year lease with a private landowner.
Diana Drysdale, president of PSEG Solar Source, said: “We are pleased to partner with Obsidian Renewables and Swinerton Builders on this project which expands our solar footprint to include Oregon where we will deliver enough clean, reliable energy to power about 2,000 Oregon homes. This acquisition is another example of PSEG's Solar Source's commitment to growing our renewable energy business.”
Swinerton Builders served as the engineering, procurement and construction (EPC) contractor and will operate the project for PSEG Solar Source once it is completed. Construction has already started on the project, with commercial operations expected for late 2016. The project will be comprised of 32,000 SolarWorld mono-crystalline panels with SMA inverters.