September 24, 2009

Newark, NJ, USA: PSEG Solar Source and Juwi Solar Announce Three Large-Scale Solar Projects

PSEG Solar Source yesterday completed the acquisition from juwi solar of two utility-scale solar projects to be located in Florida and Ohio and announced that it has developed a third solar project located in New Jersey, all of which have a total capacity of close to 30 megawatts. The projects will all be completed by the end of 2010.

Under an agreement, juwi solar Inc. will provide the engineering, procurement, construction, and initial operation and maintenance services for the projects, which will be owned by PSEG Solar Source, a subsidiary of PSEG Global.

The three projects are:

• The Mars Solar Garden, a 2.2 MW DC (direct current) facility located on 18 acres adjacent to Mars Snackfood’s U.S. headquarters in Western New Jersey. It is targeted for completion in 2009. Mars Snackfood has contracted for the output of the system.

• A 15.0 MW DC solar farm on 100 acres in Jacksonville, Florida expected to begin construction shortly and targeted to begin commercial operation in the summer of 2010. JEA, a Jacksonville municipal utility, has contracted for the output of the system and the renewable energy credits.

• A 12.0 MW DC solar farm on 80 acres in Wyandot, Ohio, targeted to begin construction by the end of the year and to begin commercial operation in 2010. AEP Ohio has contracted for the output of the system and the renewable energy credits.

All three projects utilize thin film panels provided by First Solar and will be ground-mounted. The projects together will include 380,000 solar panels and represent approximately a $100 million investment by PSEG Solar Source.

“PSEG Solar Source is pleased to have established a relationship with juwi solar on these projects,” said Diana Drysdale, who heads PSEG Global’s solar business. “PSEG Solar Source will continue to seek opportunities throughout the U.S. to help address climate change and help states meet their solar and renewable targets.”

“The sale of these Florida and Ohio projects and the construction of the Mars Solar Garden were the result of hard work by the juwi solar and PSEG Solar Source teams, as well as the various utilities, local communities and state agencies,” said Michael Martin, managing director of juwi solar Inc. “We look forward to the timely completion of these projects and to the continued growth of utility-scale solar energy across North America.”

PSEG has been active in promoting renewable energy. PSEG Global is developing a 350 MW wind farm off the coast of New Jersey and is developing compressed air energy storage through its partnership in Energy Storage & Power (ES&P). In addition, PSEG’s regulated gas and electric utility in New Jersey, PSE&G, has launched two solar initiatives a $105 million solar loan program and an 80 MW Solar4All program that involves attaching solar panels to 200,000 utility poles.

Further details about: Juwi Solar