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PSE&G acquires two solar plants from Canadian company

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Newark-based PSE&G announced Monday it has acquired two northern California solar power plants from Canadian Solar Inc. Financial terms were not disclosed.

According to the announcement, the solar installations, together now called the PSEG Shasta Solar Farm, are the largest in mountainous Shasta county, built at over 3,300 feet in elevation between iconic Mount Lassen and Mount Shasta in northern Calif. The closing occurred on December 16, 2013. Construction started in July of 2013, with commercial operation expected in early 2014. Blue Oak Energy is providing turnkey engineering, procurement and construction services to complete the projects and will provide operations and maintenance services after completion.

The solar farm will power approximately 725 homes and, combined, the two plants will offset nearly 6,289 tons of CO2, equivalent to taking nearly 1,189 automobiles off the road, PSE&G said in a statement.


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