PSEG (NYSE: PEG) Solar Source will acquire a 13-MW solar power facility near El Paso, Texas from juwi solar (JSI) for $22 million.
JSI developed the PSEG El Paso Solar Energy Center and is leading the engineering, procurement and construction of the project.
“We are actively evaluating solar projects throughout North America and are pleased to be making our first solar investment in Texas,” said Diana Drysdale, president of PSEG Solar Source. “In addition to continuing our expansion into more states, this project will increase our solar capacity to more than 100-MW, which is a great milestone as we build our business.”
Upon completion, JSI will operate the project for PSEG Solar Source.
El Paso Electric Company signed a 30-year power purchase agreement for power produced at the facility, which is adjacent to the existing El Paso Electric Newman Generating Station.
The site is expected to be completed by the end of the year.