NJR Clean Energy Ventures (NJRCEV) on Dec. 20 announced the completion of the Ringer Hill Wind Farm, which is located in Somerset County, Pennsylvania, approximately 60 miles southeast of Pittsburgh.
The project consists of 14 General Electric (NYSE: GE) wind turbines with a total capacity of 39.9 MW. The wind farm qualifies for federal production tax credits, which will be used by NJR.
“With the successful completion of Ringer Hill – our fifth onshore wind project – wind now accounts for 50 percent of our clean energy portfolio,” said Laurence M. Downes, chairman and CEO of parent New Jersey Resources (NYSE: NJR). “As we continue to invest in and grow our business, we are making clean energy even more accessible in today’s marketplace.”
Iron Mountain Inc. (NYSE: IRM), a global leader in storage and information management services, purchased 26.6 MW at Ringer Hill in a 15-year wind power purchase agreement,
NJRCEV invests in, owns and operates clean energy projects that provide low-carbon energy solutions. To date, NJRCEV’s approach has focused on commercial and residential solar project development in New Jersey and onshore wind projects across the country.
New Jersey Resources, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is comprised of five primary businesses, including NJR Clean Energy Ventures, which invests in, owns and operates solar and onshore wind projects with a total capacity of more than 276 MW.