PSEG acquires power plants
Canadian Solar Inc. and PSEG recently announced that Canadian Solar’s subsidiary, CSI Holdco LLC has sold two utility-scale solar power plants totaling 4.4 MW DC (3 MW AC) to PSEG subsidiary, PSEG Solar Source. The plants have a 20-year off taking agreement with PG&E, it is told.
The solar installations, together now called the PSEG Shasta Solar Farm, are the largest in mountainous Shasta county, built at over 3,300 feet in elevation between iconic Mount Lassen and Mount Shasta. The closing occurred on December 16, 2013. The construction had started in July 2013, and commercial operation is expected in early 2014. Blue Oak Energy is providing turnkey engineering, procurement and construction (EPC) services to complete the projects and will provide operations and maintenance (O&M) services after completion, it is informed.
The PSEG Shasta solar farm is expected to include approximately 14,592 Canadian Solar CS6X modules.