NJR Clean Energy Ventures completes 16 MW of solar in New Jersey

NJR Clean Energy Ventures (NJRCEV), the unregulated distributed power subsidiary of New Jersey Resources (NYSE: NJR), announced Jan. 30 the completion of a 9.9-MW grid-connected solar installation in Howell and a 6.1-MW system in North Hanover.

With the addition of these projects, NJRCEV’s commercial solar portfolio now totals 19 installations with a capacity of 72 MW of clean energy in New Jersey.

 “As electric generation in the U.S. continues to shift and evolve, clean energy, like solar, is an increasingly important part of the mix,” said Laurence M. Downes, Chairman and CEO of New Jersey Resources. “With solar projects, such as our grid-connected systems in Howell and North Hanover, we are bringing clean energy generation – and the benefits it provides – closer to home.”

The Howell solar farm is a ground-mount, grid-connected system, and represents an investment of $25.8m. The North Hanover solar installation, a ground-mount, grid-connected system, represents an investment of $15.8m. NJRCEV owns, operates and maintains each system, as well as any tax credits and Solar Renewable Energy Certificates (SRECs) produced. SRECs are the credits generated by solar systems that can be sold to meet utility providers’ renewable energy requirements.

In total, NJRCEV maintains a portfolio of residential and commercial solar and onshore wind projects, totaling over 100 MW of installed capacity.

New Jersey Resources is a Fortune 1000 company that provides safe and reliable natural gas and clean energy services, including transportation, distribution and asset management. NJR Clean Energy Ventures invests in, owns and operates solar and onshore wind projects with a total capacity of more than 100 MW.

About Barry Cassell 20414 Articles
Barry Cassell is Chief Analyst for GenerationHub covering coal and emission controls issues, projects and policy. He has covered the coal and power generation industry for more than 24 years, beginning in November 2011 at GenerationHub and prior to that as editor of SNL Energy’s Coal Report. He was formerly with Coal Outlook for 15 years as the publication’s editor and contributing writer, and prior to that he was editor of Coal & Synfuels Technology and associate editor of The Energy Report. He has a bachelor’s degree from Central Michigan University.