North Carolina is increasing becoming a heavyweight on the U.S. PV scene, which is seeing companies from nearby states assess solar investments in the state. PSE&G subsidiary PSEG Solar Source is one such company to take the delve into North Carolina, with the acquisition of two utility-scale PV plants from German solar developer BayWa r.e., bringing its total in the state to five.
The two projects, the PSEG Cork Oak Solar Energy Center and the PSEG Sunflower Solar Energy Center, have a combined capacity of 47 MW. BayWa is acting as the EPC on the projects, which will use 149,000 Trina Solar modules, complimented by SMA inverters. Construction is currently continuing, with the expectation that the sites will be fully operational by the end of the year.
“It is 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,” said Diana Drysdale, president of PSEG Solar Source. “These are important transactions for us, as we continue to expand our solar portfolio across the country.
The total investment in the two projects is set to be US$74.6 million, while electricity generated at the sites is set to be bought by Virginia Electric and Power Co. on a 10-year power purchase agreement (PPA). The projects are located approximately 90 miles northeast of Raleigh in Halifax.
In total, PSEG Solar Source has now acquired 21 utility-scale solar plants, located in 13 states, which shows the commitment that the company has to expanding its solar portfolio across the country. Overall, the company has over 400MW of solar either in operation or under construction.