Published On:January 11 2014
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PSEG acquires two power plants from Canadian solar.
Canadian Solar Inc. one of the world's largest solar power companies and PSEG recently announced that Canadian Solar's subsidiary, CSI Holdco LLC 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.
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. Construction started in July of 2013, with commercial operation 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.