PSEG Solar Source has acquired two solar facilities situated in North Carolina from BayWa with a total capacity of 47MW, for a total amount of $74.6m.
The PSEG Cork Oak Solar Energy Center and the PSEG Sunflower Solar Energy Center are under construction and scheduled to begin operation later this year.
The two facilities have a 10-year power purchase agreement with Virginia Electric and Power and are located about 90 miles northeast of Raleigh in Halifax, NC.
These are the second and third projects PSEG Solar Source has developed in collaboration with BayWa r.e..
PSEG Solar Source president Diana Drysdale said: “It’s a pleasure to work with a top-notch organization like BayWa r.e. on these projects, which will provide North Carolina with more safe, clean and reliable energy.
“These are important transactions for us, as we continue to expand our solar portfolio across the country.”
BayWa r.e. developed the project and is the engineering, procurement and construction contractor for both projects and will operate the facilities for PSEG Solar Source when each goes into operation.
Almost 149,000 poly-crystalline Trina Solar panels will be installed at the two facilities, which will use SMA inverters.
BayWa r.e. Solar Projects CEO Jam Attari said: “BayWa r.e. is delighted to complete another transaction with PSEG Solar Source. We look forward to growing our relationship with PSEG Solar Source over the coming months and years."
PSEG Solar Source now has 21 utility-scale solar facilities in 13 states, including five in North Carolina. The company currently has 326MW in operation and another 70MW under construction.