The U.S. utility sites the falling cost of utility-scale solar for the expanded role, and the large majority of solar plants will be located in North Carolina.
Already under construction in conjunction with a long-term PPA with Duke Energy Progress, the new round of funding will allow the project to continue on its path to commercial operation by the third quarter.
New Jersey-based utility Public Service Electric and Gas Company (PSE&G) is branching out its solar acquisition portfolio, by acquiring two utility-scale PV plants from BayWa r.e. in North Carolina, through its subsidiary PSEG Solar Source.
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