Home Business & Finance PSEG Solar Source Buys 10.5 MW Solar Project from Obsidian Renewables
PSEG Solar Source Buys 10.5 MW Solar Project from Obsidian Renewables

PSEG Solar Source Buys 10.5 MW Solar Project from Obsidian Renewables

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PSEG Solar Source today announced it has acquired a 10.5 MW-dc solar energy facility from Obsidian Renewables for an investment of $21 million. The facility, to be called the PSEG Lake County Solar Energy Center, is located in Lake County, Oregon about 140 miles southeast of Bend, OR.

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 approximately 65 acres under a 35-year lease with a private landowner.

“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,” said Diana Drysdale, president of PSEG Solar Source. “This acquisition is another example of PSEG’s Solar Source’s commitment to growing our renewable energy business.”

Swinerton Builders is the engineering, procurement and construction contractor and will operate the project for PSEG Solar Source upon completion. Construction is underway and commercial operations are expected to commence later this year. The facility will use approximately 32,000 SolarWorld mono-crystalline panels with SMA inverters.

“This has been a wonderful project to develop,” said Obsidian’s CEO David Brown. “The support we have had from Lake County, from the State of Oregon, and from labor, suppliers and consultants has been remarkable. We are very proud to be associated with Swinerton and PSEG on this project.”

“We are pleased with the strong support received from the local communities and businesses, as well as the high level of craftsmanship provided by the local workforce,” said George Hershman, Swinerton’s Senior Vice President and General Manager. “We look forward to contributing to Oregon’s continued growth in renewable energy.”

This is PSEG Solar Source’s 19th utility-scale project in 13 states. The company currently has 215 MW-dc in operation with another 128 MW-dc in construction and on schedule to be operational by the end of the year.

Source:PRN

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Anand Gupta Editor - EQ Int'l Media Network

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