Written by: Leonard Parker | Solar News | 06th May
LS Power is acquiring 25 solar power facilities totaling 467 MWdc (365 MWac) from Public Service Enterprise Group Incorporated (PSEG). The solar facilities are being acquired by LS Power affiliate, Quattro Solar, LLC, and the transaction is expected to close in the second or third quarter of 2021, subject to customary regulatory approvals.
“Today’s announcement underscores LS Power’s commitment to scaling a diversified development and operating platform that will drive the decarbonization of our economy,” said LS Power CEO Paul Segal. “The addition of these solar projects is part of LS Power’s expanding effort to enable the evolution of a cleaner power grid.”
The solar portfolio spans 14 states and five regional transmission organizations (RTOs), benefiting from power off-take agreements with a variety of utilities, electric cooperatives and other large energy suppliers. Below is a list of the markets and states where the 25 solar assets are located:
Solar Portfolio: 467.8 MWdc12 facilities in PJM (198.7 MWdc across DE, MD, NC, NJ and OH)7 facilities in CAISO/WEIM (151.6 MWdc across AZ, CA, OR and UT)4 facilities in SERC/SW (103.3 MWdc across CO, FL and TX)1 facility in NYISO (10.6 MWdc in NY)1 facility in ISO-NE (3.6 MWdc in VT)