NJR Clean Energy Ventures, the clean energy subsidiary of New Jersey Resources, announced Thursday that it has completed its first onshore wind project — the Two Dot Wind Farm.
NJRCEV invested about $22 million into developing Two Dot and will own and operate the wind farm.
The wind farm is located on 176 acres in Two Dot, Montana, and consists of six GE 1.62-megawatt, 87-meter rotor diameter wind turbines that have a capacity of 9.7 megawatts.
The energy produced by the farm will be sold through a 25-year power purchase agreement with NorthWestern Energy, a gas and electric utilities company that serves customers in Montana, South Dakota and Nebraska.
“Today represents a significant milestone for our company — the completion of our first onshore wind project,” Laurence M. Downes, chairman and CEO of NJR, said in a statement. “Two Dot further demonstrates NJR Clean Energy Ventures’ diversification of its investment portfolio. In addition to producing enough clean energy to power 3,000 homes annually, it also represents a long-term growth opportunity for our company and shareowners.”
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