PSEG Solar Source buys 25MW solar park from juwi11 January, 2012
PSEG Solar Source has bought a 25.2MW solar project in Arizona from juwi solar for US$75 million.
Construction work on the PSEG Queen Creek Solar Farm, which is being carried out by juwi, is expected to begin in January and finish in Q3. The 158-acre site, located 30 miles southeast of Phoenix, will be equipped with crystalline panels and a single-axis tracking system.
Last September, the Salt River Project Agricultural Improvement and Power District signed a 20-year power purchase agreement to buy all the electricity generated by the plant. In addition to EPC duties, juwi is also in charge of Queen Creek’s operation and maintenance.
This is the fourth and largest PV plant PSEG Solar Source has purchased to date. The three other systems in its portfolio are the 15MW Jacksonville Solar Farm, 12MW Wyandot Solar Farm and 2.2MW Mars Solar Garden.
“juwi solar is proud to have closed its fourth deal in the United States with PSEG Solar Source, a company that is well-established in the utility-scale solar market,” juwi solar CEO Michael Martin said. “Our project development efforts for the Queen Creek project have been a great success, and we now look forward to building and operating a project in one of the most exciting solar markets in the United States.”