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NJR Energy acquires its third onshore wind project

Wall-based NJR Clean Energy Ventures, the unregulated distributed power subsidiary of New Jersey Resources, announced Tuesday that it has acquired its third onshore wind project.The project is located on 7,000 acres of land in Rush County, Kansas, approximately 120 miles northwest of Wichita.

NJRCEV will invest approximately $85 million to construct, own and operate the Alexander Wind Farm.  It will have a total capacity of 48 megawatts and is expected to be fully-operational in the fall of 2015.

“With the Alexander Wind Farm, NJR Clean Energy Ventures continues to successfully execute its distributed power strategic plan,” Laurence M. Downes, chairman and CEO of New Jersey Resources, said in a prepared statement. “As renewable energy becomes an increasingly larger and important part of our nation’s energy future, we will continue to look for investment opportunities that strengthen our distributed power portfolio, are consistent with our core values of quality service and environmental stewardship, reduce our reliance on investment tax credits from solar investments and benefit our company and shareowners.”

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Emily Bader
Emily Bader is the Web Editor and Social Media Coordinator at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum.

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