PSEG seeks to develop 233 MW of new photovoltaic solar energy

A unit of Public Service Enterprise Group Inc. (PSEG) has announced it will ask New Jersey state regulators for approval to invest up to $883 million for an expansion of the utility’s solar power programs, according to Reuters.

The investment will allow the solar programs to develop an extra 233 MW of solar capacity, the company said. The expansion would create about 300 direct jobs annually over the next five years.

New Jersey ranks second in the United States in installed solar capacity with 775 MW, according to the Solar Energy Industries Association (SEIA).