NJR Clean Energy Ventures Announces 4.7 Megawatt Solar Project in Vineland, NJ

NJR Clean Energy Ventures (NJRCEV), a subsidiary of New Jersey Resources NJR, today announced that it will invest up to $23.7 million to develop, own and operate a 4.7 megawatt, ground-mount solar system in Vineland, NJ. Once complete, the solar installation will provide electricity to the wholesale market through the Vineland Municipal Electric Utility. “Our latest commercial solar project will incorporate the use of a single axis tracking system,” said Laurence M. Downes, chairman and CEO of New Jersey Resources. “This tracking system will provide 20 to 25 percent greater energy output compared to a fixed-tilt racking system. Increasing the renewable energy generated without changing the system footprint provides the opportunity to utilize our properties more efficiently. We will continue to look for new opportunities in the solar market that are consistent with our core energy strategy to create jobs and benefit our customers, company and state.” NJRCEV has contracted with American Capital Energy, a full-service solar engineering, procurement and construction contractor, to develop the project. Additionally, NJRCEV is working with PJM Interconnection, LLC and the VMEU to serve the wholesale market with the power produced by the solar array.