PSEG Solar Source purchases two North Carolina solar farms.
International Resource News-March 15, 2019--PSEG Solar Source purchases two North Carolina solar farms
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International Resource News - 15 March 2019
PSEG Solar Source, a subsidiary of PSEG Power, has purchased two North Carolina solar farms being developed by BayWa re.
Construction started last month on Five Forks Solar, which will be a 25.9 MW-dc facility when completed, and North Halifax Solar, which will be a 26.9 MW-dc facility.
Both facilities are likely to go into service during the fourth quarter of 2019. The acquisition represents a total investment of around USD65m. The Five Forks project is located in Warren County, N.C., about 60 miles northeast of Raleigh, North Carolina. The North Halifax project is located in Halifax County, North Carolina, about 80 miles northeast of Raleigh. Each project has a 10-year power purchase agreement with Virginia Electric Power Co.
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