This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

PSEG Queen Creek Solar Farm Dedicated

Stocks in this article: PEG

QUEEN CREEK, Ariz., Nov. 14, 2012 /PRNewswire/ -- PSEG Solar Source, The Salt River Project (SRP), and juwi solar Inc. (JSI), today dedicated the PSEG Queen Creek Solar Farm, in Queen Creek, Arizona. Joining representatives from the companies were Queen Creek Mayor Gail Barney as well as other local officials and business leaders. 


The PSEG Queen Creek Solar farm is a 25 megawatt DC (19 megawatt AC) plant, containing approximately 90,000 crystalline solar panels and 48, 400kW solar inverters. The panels are mounted on single axis tracking systems that allow the panels to follow the sun across the sky and maximize the amount of electricity generated by each panel. Each of the 48 inverters has six, 67kW extractable modules with a customized configuration enabling maximum energy harvesting. The solar power generated by the project offsets approximately 21,000 metric tons of CO 2 emissions each year, the equivalent of taking approximately 4,100 cars off the road.  The PSEG Queen Creek Solar Farm is located on 148 acres of land approximately 30 miles southeast of Phoenix and will produce an amount of energy equal to that needed to serve about 3,300 SRP residential customers. 

The project is owned by Newark, NJ-based PSEG Solar Source. juwi solar developed the project, served as EPC contractor and manages the day-to-day operation of the plant. SRP has entered into a 20-year agreement to buy the power from the plant.  Phoenix-based Power-One supplied and tested the inverters, which convert electricity from direct current or DC (which is produced by solar panels), to alternating current or AC (as it is used in homes and businesses).

Speaking at the event, Diana Drysdale, president of PSEG Solar Source, said the company was pleased with the support the project had received in Arizona and was hopeful that this would not be the last dedication of a solar facility in Arizona for her company. 

Speakers at the dedication included Ralph Izzo, chairman, president and CEO of PSEG (parent company of PSEG Solar Source); Diana Drysdale, president, PSEG Solar Source; Mayor Barney; David Rousseau, president of SRP; Steve Ihnot, CFO of JSI; and Dave Wojociechowski, vice president of renewable energy sales for North America at Power-One. 

Izzo thanked all involved with the project, and noted, "PSEG has been pushing the frontiers of solar in New Jersey, through our regulated utility, PSE&G, and outside NJ through PSEG Solar Source.  Our utility has 22 solar projects as well as the largest pole-attached solar program in the world.  PSEG Solar Source owns the largest solar farm in Ohio, the second largest solar farm in Florida and is building what will be the largest solar farm in Delaware. The Queen Creek Farm is a wonderful addition to our fleet." 

" Queen Creek Solar not only allows SRP to provide our customers with clean, green energy, but it can be done efficiently, close to our load and with virtually no water," said SRP President David Rousseau.

The SRP Board has set a goal to meet 20 percent of SRP's retail electricity requirements through sustainable resources by the year 2020.  Currently, SRP meets about 10 percent of its retail energy needs with sustainable resources including wind, solar and geothermal energy, hydro power and conservation and energy-efficiency measures. 

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs