NJR Clean Energy Ventures (CEV) sold the remainder of its wind power operation, four wind farms totalling 231 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 117 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.