NJR Clean Energy Ventures Completes First Wind Farm

June 26, 2014 by  
Filed under Green Energy News

NJR Clean Energy Ventures (NJRCEV), the unregulated clean energy subsidiary of New Jersey Resources, has completed the Two Dot Wind Farm, its first wind project.

Located on 176 acres in Two Dot, Mont., the 9.7 MW wind farm consists of six GE 1.62 MW wind turbines featuring an 87-meter rotor diameter. NJRCEV says it invested approximately $22 million to develop the project and will own and operate the wind farm.

The energy produced at the Two Dot Wind Farm, as well as the renewable attributes, will be sold through a 25-year power purchase agreement with utility NorthWestern Energy. Additionally, NJRCEV notes it expects the wind farm will qualify for federal production tax credits.

Laurence M. Downes, chairman and CEO of New Jersey Resources, says the completion of the company’s first wind farm represents a significant milestone.

“Two Dot further demonstrates NJR Clean Energy Ventures’ diversification of its investment portfolio,” says Downes. “In addition to producing enough clean energy to power 3,000 homes annually, it also represents a long-term growth opportunity for our company and shareowners.”

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