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Energy

PSEG unit acquires Ariz. solar farm project in 75M deal

A subsidiary of Newark-based PSEG announced it has acquired its fourth solar project, paying $75 million for a planned 25.2-megawatt farm in Arizona, according to the company. “PSEG Solar Source continues to look for quality solar projects outside of New Jersey,” said PSEG spokesman Paul Rosengren. “We are developing a niche as a strong player ...

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Developer says solar firms helping power real estate recovery

New Jersey’s emerging solar industry has long been seen as a job creator, but at least one Garden State developer hopes it can now fuel growth in the state’s office market. The developer, Bedminster-based Advance Realty, recently announced three new leases with out-of-state and international solar companies that are establishing regional offices in New Jersey. ...

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Early adoption powers solar strength

In 2004, Tom Pollock saw the light. Technically, Pollock, then CEO of Freehold’s Trinity Heating and Air Inc., recognized solar power’s potential in the 1980s when he was selling solar hot water. “We thought, ‘Gee, if they could ever do this for electricity, instead of just water, this would be a great thing,'” he said. ...

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Hess makes power play in bid to build its Newark plant

As Hess Corp. prepares to spend $650 million building a 625-megawatt natural gas-fueled power plant in Newark, the firm is asking federal regulators to solve a dispute that could save the company $13.5 million. But doing so would require the regional grid operator to approve equipment adjustments that so far,...

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