PSEG buys Canadian Solar plant
Canadian Solar has sold one of the two utility-scale PV projects it is building in California to a subsidiary of New Jersey-based utility Public Service Enterprise Group (PSEG).
The Shasta Solar Farm is the seventh PV project overall for PSEG Solar Source, the first on the US west coast, and the first it has acquired from Canadian Solar.
PSEG, which owns about 70MW of PV capacity across a handful of US states, bought all of its earlier projects from an arm of German developer Juwi.
The latest project, formerly known as Ignite, has been renamed the Shasta Solar Farm, with full commercial operation expected in early 2014.
Blue Oak Energy is handling EPC work at the 4.4MW project, which is being built in mountainous Shasta County, in northern California, some 1,000 metres above sea level.
The project will soak up nearly 15,000 Canadian Solar CS6X modules.
Canadian Solar has in recent years laid claim to one of the most successful pushes into downstream project development among major PV manufacturers.
Its focus, however, has largely been on Canada and more recently Japan, with just two projects underway in the US – including the Shasta development.
Last month Canadian Solar agreed to sell 40MW of under-development PV capacity in Ontario to Dutch infrastructure fund DIF – representing the first time DIF has invested in renewables in North America.