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.
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