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PV - PSEG Agrees to Sell Solar Source Portfolio to Affiliate of LS Power - Renewable Energy Magazine, at the heart of clean energy journalism

Tuesday, 11 May 2021
Public Service Enterprise Group Inc. (PSEG)t has entered into an agreement to sell its PSEG Solar Source LLC portfolio to Quattro Solar, LLC, an affiliate of LS Power. The sale includes the 467-megawatt-dc Solar Source portfolio of 25 solar facilities located in various states and related assets and liabilities. The sale of this non-core generation portfolio is part of PSEG’s Strategic Alternatives process to explore options for PSEG Power s non-nuclear generating fleet which, in addition to Solar Source, includes more than 6,750 megawatts of fossil generation.
Courtesy of NREL
“This sale marks a key milestone in our Strategic Alternatives process as we continue our transformation into a primarily regulated utility. We also intend to continue our efforts to preserve our existing carbon-free nuclear fleet and to seek regional growth opportunities in offshore wind projects that fit with PSEG’s Powering Progress strategy,” PSEG Chairman, ....

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PSEG to sell its Solar Source portfolio - Daily Energy Insider

Daily Energy Insider
Published on May 07, 2021 by Dave Kovaleski
© Shutterstock
Public Service Enterprise Group (PSEG) is selling its PSEG Solar Source portfolio to Quattro Solar, an affiliate of LS Power.
The deal includes the sale of Solar Source’s 467-megawatt-dc portfolio across 25 solar facilities located across the country. The sale is part of PSEG’s Strategic Alternatives process to explore options for PSEG Power’s non-nuclear generating fleet, which, in addition to Solar Source, includes more than 6,750 megawatts of fossil generation.
“This sale marks a key milestone in our Strategic Alternatives process as we continue our transformation into a primarily regulated utility. We also intend to continue our efforts to preserve our existing carbon-free nuclear fleet and to seek regional growth opportunities in offshore wind projects that fit with PSEG’s Powering Progress strategy,” PSEG Chairman, President, and CEO Ralph Izzo said. “PSEG is ....

New Jersey , United States , Ralph Izzo , Clean Energy , Public Service Enterprise Group , Quattro Solar , Solar Source , Strategic Alternatives , Clean Energy Future , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , ரால்ப் இஜ்ஜோ , சுத்தமான ஆற்றல் , பொது சேவை நிறுவன குழு , சூரிய மூல , மூலோபாய மாற்று , சுத்தமான ஆற்றல் எதிர்கால ,

PSEG selling solar portfolio to Quattro Solar

Public Service Enterprise Group has agreed to sell a solar facility portfolio, it announced this week, continuing its process of exploring options for its non-nuclear generating fleet.
PSEG said in a news release that it will sell its PSEG Solar Source LLC portfolio to Quattro Solar LLC, an affiliate of LS Power. The portfolio includes 25 solar facilities and related assets in various states, comprising 467 megawatts of power.
“This sale marks a key milestone in our strategic alternatives process as we continue our transformation into a primarily regulated utility,” Chairman, CEO and President Ralph Izzo said in a prepared statement. “We intend to continue our efforts to preserve our existing carbon-free nuclear fleet and to seek regional growth opportunities in offshore wind projects that fit with PSEG’s Powering Progress strategy.” ....

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PSE&G to sell solar subsidiary to LS Power affiliate

PSE&G to sell solar subsidiary to LS Power affiliate
May 5, 2021
9:39 am
Public Service Enterprise Group Inc. will sell its PSEG Solar Source LLC portfolio to Quattro Solar LLC, an affiliate of LS Power. The agreement, announced May 5, includes the 467-megawatt-dc Solar Source portfolio of 25 solar facilities in various states and related assets and liabilities.
The sale is part of PSEG’s Strategic Alternatives process to explore options for PSEG Power’s non-nuclear generating fleet which, in addition to Solar Source, includes more than 6,750 megawatts of fossil generation.
Izzo
“This sale marks a key milestone in our Strategic Alternatives process as we continue our transformation into a primarily regulated utility. We also intend to continue our efforts to preserve our existing carbon-free nuclear fleet and to seek regional growth opportunities in offshore wind projects that fit with PSEG’s Powering Progress strategy,” PSEG Chief Executive Of ....

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Public Service Enterprise To Sell Solar Source Portfolio To Affiliate Of LS Power

Public Service Enterprise To Sell Solar Source Portfolio To Affiliate Of LS Power
WASHINGTON (dpa-AFX) - Public Service Enterprise Group Inc. (PEG) said that it agreed to sell its PSEG Solar Source LLC portfolio to Quattro Solar LLC, an affiliate of LS Power. The sale includes the 467-megawatt-dc Solar Source portfolio of 25 solar facilities located in various states and related assets and liabilities.
The PSEG Solar Source transaction is expected to close in the second or third quarter of 2021.
The net carrying value of the assets and liabilities to be sold is approximately $500 million as of March 31, 2021.
Copyright RTT News/dpa-AFX ....

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