NJR Clean Energy Ventures acquires 48MW project

Oct 27, 2014

NJR Clean Energy Ventures (NJRCEV) has strengthened its investment in the wind power sector. The company, the unregulated distributed power subsidiary of New Jersey Resources (NJR), last week acquired its third onshore wind project in the Alexander Wind...

By Ritesh Gupta

The project will be located on 7,000 acres of land in Rush County, Kansas, approximately 120 miles northwest of Wichita.

NJRCEV will invest approximately $85m to construct, own and operate the wind farm with a total capacity of 48 MW. NJRCEV’s expected in-service date is fall of 2015.

NJRCEV acquired the shovel-ready Alexander Wind Farm from OwnEnergy, a developer of midsize and community wind projects.

It is the third and largest wind farm project NJRCEV purchased from OwnEnergy. The first was the Montana-based Two Dot Wind Farm, placed in service in June 2014. NJRCEV expects to place the second project, the Carroll Area Wind Farm, located in Iowa, in service by spring of 2015.

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