By GreenTech Lead Team : PSEG
Solar Source, a diversified energy company, has acquired a 25.2 MW DC
(19 MW AC) solar project developed by juwi solar for $75 million.
The PSEG Queen Creek Solar Farm will begin
construction in January 2012 and be completed in the 3rd quarter of
2012.
The PSEG Queen Creek Solar Farm will
utilize 90,000 photovoltaic modules mounted on a single-axis tracking system
that follows the sun. The solar power generated by the project will offset
approximately 21,000 metric tons of CO2 emissions each year, the
equivalent of taking approximately 4,100 cars off the road.
“PSEG Solar Source is pleased to add
the PSEG Queen Creek Solar Farm to our portfolio of high quality solar
projects. PSEG Solar Source will continue to seek opportunities throughout the US
to provide clean, emissions-free solar energy and to help states meet their
solar and renewable targets,” said Diana
Drysdale, president of PSEG Solar Source.
juwi solar will
engineer, procure, and construct the facility as well as perform operation and
maintenance services for the project. The project will be owned by PSEG
Solar Source, a subsidiary of PSEG, a diversified energy company based in New
Jersey.
The Salt River Project Agricultural
Improvement will purchase all
of the solar energy generated by the project for 20 years.
“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,” saidMichael Martin, CEO of juwi solar.