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PSEG Solar Source acquires 2 solar facilities from BayWa r.e.

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PSEG Solar Source acquires 2 solar facilities from BayWa r.e.

PSEG Solar Source LLC has acquired two solar projects totaling 47 MW-direct current in Halifax, N.C., from BayWa AG unit BayWa r. e. Development LLC, representing an investment of $74.6 million.

The Cork Oak and Sunflower solar facilities are both under construction and scheduled to begin operation later this year, after which they will sell their output to Dominion Resources Inc. subsidiary Virginia Electric and Power Co. under a 10-year power purchase agreement, according to a Jan. 23 news release from PSEG Solar.

Representing the second and third projects the PSEG Power LLC subsidiary has developed in collaboration with BayWa r.e., both facilities will have approximately 149,000 poly-crystalline Trina solar panels which will use SMA inverters.

After reaching commercial operations, BayWa r.e., which also served as the engineering, procurement and construction contractor, will operate both facilities.