USEG Solar Source announced that it has completed the acquisition of a 15 MW DC 12 MW AC solar project in Milford, Del., from juwi solar Inc.(JSI).
It is one of two downstate solar projects that are moving forward. Coastal Point newspaper reported that the a solar farm for Delaware Electric Cooperative will be built near Georgetown and received a zoning OK from Sussex County. Utilities are required to get more of their electricity from alternative sources.
Construction of the project will begin this month. The project has a power purchase agreement for energy and solar renewable energy credits with Delaware Municipal Electric Corporation. The project will be owned by PSEG Solar Source, a subsidiary of PSEG, a utility company based in New Jersey.
Upon completion, the PSEG Milford Solar Farm will be largest solar farm in the state of Delaware. The PSEG Milford Solar Farm is expected to be completed in the fourth quarter of 2012.
The $50 million project will be located on 80 acres of land in Kent County, Del. and will create approximately 100 jobs during construction.“We welcome PSEG Solar Source to Delaware, creating jobs and clean energy for our state,” said Gov. Jack Markell. “Through the innovative partnership between DEMEC, the Town of Milford, and PSEG, the Milford Solar Farm joins more than 30 megawatts of other solar installations in Delaware, making our state a national leader in solar deployment per capita.”
DEMEC is comprised of municipal utilities, with Newark being the largest shareholder.
“As the cost of solar power continues to decline, Delaware is emerging as a leader in the adoption of clean energy systems, improvement of air quality, and creation of local installation jobs,” said DNREC Secretary Collin OMara.
“We are proud to have closed our fifth solar project transaction with PSEG Solar Source and to have expanded into a new market in the United States.” said Michael Martin, CEO of juwi solar Inc. “Our development efforts for the Milford project have been a great success, and we now look forward to building and operating a solar project in the state of Delaware.” This is the fifth solar project built by JSI for PSEG Solar Source.