PSEG Solar to Buy Texas Project From Juwi for $22 Million

Public Service Enterprise Group Inc. (PEG)’s solar unit agreed to buy a 13 megawatt project from Juwi Solar Inc. for $22 million.

The project about 14 miles (23 kilometers) north of El Paso, Texas, will deliver power to El Paso Electric Co. under a 30-year contract when completed at the end of this year, the Newark, New Jersey-based company’s solar unit said today in a statement. Terms weren’t disclosed.

Juwi Solar, based in Boulder, Colorado, will complete and manage the project for PSEG Solar Source.

To contact the reporter on this story: Christopher Martin in New York at cmartin11@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Will Wade, Robin Saponar

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