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Tuesday, 11 May 2021 Public Service Enterprise Group Inc. (PSEG)t 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. Cou...

Daily Energy Insider Published on May 07, 2021 by Dave Kovaleski © Shutterstock Public Service Enterprise Group (PSEG) is selling its PSEG Solar Source portfolio to Quattro Solar, an affiliate of LS Power. The deal includes the sale of Solar Source’s 467-megawatt-dc portfolio across 25 solar facilities located across the country. The sale 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. “This sale marks a key milestone in our...

Public Service Enterprise Group has agreed to sell a solar facility portfolio, it announced this week, continuing its process of exploring options for its non-nuclear generating fleet. PSEG said in a news release that it will sell its PSEG Solar Source LLC portfolio to Quattro Solar LLC, an affiliate of LS Power. The portfolio includes 25 solar facilities and related assets in various states, comprising 467 megawatts of power. “This sale marks a key milestone in our strategic alternatives process as we continue our transformation into a primarily regulated utility,” Chairman, CEO and Pres...

PSE&G to sell solar subsidiary to LS Power affiliate May 5, 2021 9:39 am Public Service Enterprise Group Inc. will sell its PSEG Solar Source LLC portfolio to Quattro Solar LLC, an affiliate of LS Power. The agreement, announced May 5, includes the 467-megawatt-dc Solar Source portfolio of 25 solar facilities in various states and related assets and liabilities. The sale 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. Izzo “Thi...

Public Service Enterprise To Sell Solar Source Portfolio To Affiliate Of LS Power WASHINGTON (dpa-AFX) - Public Service Enterprise Group Inc. (PEG) said that it agreed 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 PSEG Solar Source transaction is expected to close in the second or third quarter of 2021. The net carrying value of the assets and liabilities to be sold is approximately $500 million as o...