PSEG Solar Source has acquired from Ecoplexus a 25.9MW DC solar energy facility for more than $40m.
The facility, which will be called the PSEG Meadows Solar Energy Center, is located in Martin County, North Carolina about 80 miles east of Raleigh.
It has a 15-year power purchase agreement with Virginia Electric and Power Company, a subsidiary of Dominion Resources, and sits on approximately 105 acres under a 35-year lease with a private landowner.
Ecoplexus is the engineering, procurement and construction contractor and will operate the project for PSEG Solar Source upon completion.
Construction is underway and commercial operations are expected to start within the next several months.
The facility will use approximately 152,000 Solar Frontier thin film solar panels with tier one inverters.
PSEG Solar Source president Diana Drysdale said: “We are pleased to extend our portfolio into North Carolina and be able to provide enough clean, reliable energy to power 3,800 North Carolina homes.”
Image: Ecoplexus
