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PSEG Enters Agreement to Sell Its Solar Source Portfolio to Affiliate of LS Power

PSEG Enters Agreement to Sell Its Solar Source Portfolio to Affiliate of LS Power
Transaction Furthers PSEG Strategic Alternatives Transformation
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NEWARK, N.J., May 5, 2021 /PRNewswire/ Public Service Enterprise Group Inc. (PSEG) today announced that it 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. ....

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LS Power Expands Clean Energy Platform through Solar Acquisition

LS Power Expands Clean Energy Platform through Solar Acquisition
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NEW YORK, May 5, 2021 /PRNewswire/ LS Power today announced it has entered into an agreement to acquire 25 solar power facilities totaling 467 MWdc (365 MWac) from Public Service Enterprise Group Incorporated (PSEG).
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 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. ....

United States , Paul Segal , Quattro Solar , Public Service Enterprise Group Incorporated , Cpower Energy Management , Energy Management , Renewable Fuels , North American , Ls Power , ஒன்றுபட்டது மாநிலங்களில் , பால் ஸீகல் , பொது சேவை நிறுவன குழு இணைக்கப்பட்டது , ஆற்றல் மேலாண்மை , புதுப்பிக்கத்தக்க எரிபொருள்கள் , வடக்கு அமெரிக்கன் , ல்ஸ் பவர் ,