PSEG Solar Source buys 10.5 MW solar project from Obsidian Renewables
PSEG Solar Source recently expanded its footprint into Oregon by acquiring a 10.5 MW solar energy facility from Obsidian Renewables for $21 million.
The facility will now be called PSEG Lake County Solar Energy Center and is located approximately 140 miles southeast of Bend, Oregon. The facility has a 20-year power purchase agreement with PacificCorp and sits on 65 privately owned acres under a 35-year lease.
Swinerton Builders will handle engineering, procurement and construction, along with operating the facility upon completion. The facility will house approximately 32,000 SolarWorld mono-crystalline panels with SMA inverters.
“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,” Diana Drysdale, president of PSEG Solar Source, said. “This acquisition is another example of PSEG’s Solar Source’s commitment to growing our renewable energy business.”
The facility will be the company’s 19th utility-scale project in 13 states. Currently, PSEG Solar Source, a unit of PSEG Power, has 215 MW of solar energy facilities in operation, with another 128 MW in construction and on schedule to be operational by the end of the year.
“This has been a wonderful project to develop,” David Brown, CEO of Obsidian, said. “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.”
