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 MWdc
- 12 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)
Have you checked out our YouTube page?
We have a ton video interviews and additional content on our YouTube page. Recently we debuted Power Forward! -- a collaboration with BayWa r.e. to discuss higher level industry topics as well as best practices / trends for running a solar business today.
Our longer running side project is The Pitch -- in which we have awkward discussions with solar manufacturers and suppliers about their new technology and ideas so that you don't have to. We've discusses everything from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new home solar + storage microgrids.
We also post our Project of the Year announcements there! Interviews with this year's winners will be up starting the week of Nov. 8. Head there and subscribe today to stay on top of all this extra stuff.