NJR Clean Energy Ventures, a subsidiary of New Jersey Resources, has completed two solar projects with a combined capacity of 16 megawatts.
The projects include a 9.9-MW grid-connected plant in Howell and a 6.1-MW system in North Hanover.
The Howell solar farm is a ground-mount, grid-connected system, and cost US$25.8 million. The clean energy produced at the site is enough to power 1,040 homes annually and will lead to an estimated carbon reduction of 9,500 tons, or the equivalent of removing 1,825 cars from New Jersey’s roadways.
The North Hanover solar installation, a ground-mount, grid-connected system cost US$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 produced. SRECs are the credits generated by solar systems that can be sold to meet utility providers’ renewable energy requirements.
With the addition of these projects, NJRCEV’s commercial solar portfolio now totals 19 installations with a capacity of 72MW of clean energy in New Jersey. 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 100MW of installed capacity.