NJR Clean solar Ventures ( CEV ) sold the remainder of its wind power operation , four wind farms totalling 117 MW , to a subsidiary of Skyline Renewables for $ 208.5 million . The company , part of New Jersey Resources , planned to use the proceeds to cut its need for external investment . CEV has spent $ 700 m on solar projects since 2009 and said it expects a further $ 500 m investment during the next four years . It was New Jersey ’s main solar firm with 231 MW of installed capacity .
NJR Clean Energy Ventures (CEV) sold the remainder of its wind power operation, four wind farms totalling 117 MW, to a subsidiary of Skyline Renewables for $208.5m. The company, part of New Jersey Resources, planned to use the proceeds to cut its need for external finance. CEV has spent $700m on solar projects since 2009 and said it planned a further $500m investment during the next four years. It was New Jersey’s main solar firm with 231 MW of installed capacity.