NJR Clean Energy Ventures’ new solar installation in Howell, NJ
NJR Clean Energy Ventures (NJRCEV), the unregulated distributed power subsidiary of New Jersey Resources, has announced the completion of a 9.9 megawatt (MW) grid-connected solar installation in Howell, NJ and a 6.1 MW system in North Hanover, NJ.
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, the company said in a news release.
The North Hanover solar installation, a ground-mount, grid-connected system, represents an investment of $15.8 million. The clean energy produced is enough to power over 650 homes annually, with an estimated carbon reduction of 6,000 tons, or the equivalent of removing 1,140 cars from New Jersey’s roads.
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.
NJRCEV invests in, owns and operates renewable energy projects that generate clean power and provide low-carbon energy solutions. In total, the company maintains a portfolio of residential and commercial solar and onshore wind projects, totaling over 100 MW of installed capacity.