PSEG Solar Source today announced it has acquired a 16.8 MW-dc solar energy facility from Ecoplexus Inc. The PSEG Turkey Creek Solar Energy Center is located in Northampton County, N.C. about 95 miles northeast of Raleigh.
The PSEG Turkey Creek Solar Energy Center has a power purchase agreement with Virginia Electric and Power Company. It sits on approximately 75 acres under a 35-year lease with a private landowner. This is the second project in which PSEG Solar Source and Ecoplexus have been partners. The two companies collaborated on the PSEG Meadows Solar Center in Martin County, N.C. which went online in June.
"We are delighted to work with a top-flight developer like Ecoplexus as we continue to grow our business and expand our solar portfolio across the country," said Diana Drysdale, President of PSEG Solar Source. "This purchase is another example of PSEG's commitment to providing a sustainable energy future. When operational, this facility will power 2,400 homes."
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 begin later this year. The facility will use approximately 50,000 mono-crystalline Trina Solar panels with Power Electronics inverters.
"Ecoplexus is very pleased to build upon its successful partnership with PSEG in bringing new clean energy online for the state of North Carolina," said John Gorman, CEO of Ecoplexus. "The Turkey Creek project will create approximately 185 construction jobs in addition to adding to the tax base of Northhampton County community."
PSEG Solar Source now has 19 utility-scale projects in 13 states. The company currently has 215 MW-dc in operation with another 128 MW-dc in construction and on schedule to be operational by the end of the year.
Ecoplexus has developed and completed 67 projects totaling more than 200 MW, across California, North Carolina, Colorado, Georgia and Japan.
About PSEG Solar Source: PSEG Solar Source is a subsidiary of PSEG Power, a merchant power generation company which is part of the Public Service Enterprise Group (PSEG) family of companies. PSEG (NYSE:PEG) is a publicly traded diversified energy company with annual revenues of $10.4 billion. Its other main subsidiaries are Public Service Electric and Gas Company (PSE&G), a regulated New Jersey gas and electric utility, and PSEG Long Island, which operates the transmission and distribution assets of the Long Island Power Authority (LIPA).
Disclaimer: PSEG Solar Source LLC is not the same company as PSE&G, the New Jersey-based electric and gas utility. PSEG Solar Source is not regulated by the New Jersey Board of Public Utilities. You do not have to purchase any PSEG Solar Source products in order to receive quality regulated services from PSE&G.
About Ecoplexus Inc. Ecoplexus develops and operates utility scale solar PV projects for the wholesale and retail market in the U.S., and internationally. The Company has constructed and financed over sixty projects to date, representing approximately $350 million in project value. Customers include eight major utilities including PG&E, Duke, Progress, Xcel Energy, and Georgia Power and approximately fifteen municipalities in the US, as well as major International utilities.
With a large construction and development pipeline of over 1 GW in the U.S., Japan, Latin America and Turkey, representing over $750 million in project value, Ecoplexus is actively developing or buying renewable energy assets at every stage. The Company also provides operation and maintenance (O&M) services for investor/owners for approximately 55 projects. For more information about Ecoplexus, please visit www.ecoplexus.com.
