North Coast Solar Stocks

September 23, 2009

Energy co PSEG to develop 30 MW in solar projects

Filed under: FSLR, PEG — Tags: , , , , — Jason @ 5:41 pm

Wed Sep 23, 2009 5:41pm EDT

* PSEG solar unit to work with juwi solar Inc on projects

* Three U.S. projects total almost 30 megawatts

* Represents about $100-million investment

LOS ANGELES, Sept 23 (Reuters) – Energy company Public Service Enterprise Group (PEG) said its solar unit will develop nearly 30 megawatts of solar power projects with juwi solar Inc, representing an investment of about $100 million.

The three U.S. projects are located in Florida, Ohio and New Jersey and will use First Solar Inc’s (FSLR) thin-film panels. They are expected to be finished in 2010.

Under the deal, juwi solar will construct and maintain all the projects while PSEG Solar Source will own them.

Separately, PSEG is developing a 350 MW wind project off the coast of New Jersey.

Based in Boulder, Colorado, juwi solar is a unit of Germany’s juwi Holding AG.

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