NJR Clean Energy Ventures agrees to sell 117 MW wind portfolio to Skyline Renewables
NJR Clean Energy Ventures (CEV), a clean energy subsidiary of New Jersey Resources, has agreed to sell its remaining 117 MW wind portfolio, consisting of four wind farms, to a of Skyline Renewables for a total of US$208.5 million, assuming a closing of December 31, 2018.
CEV entered into a purchase and sale agreement and submitted a joint filing with Skyline for authorization with the Federal Energy Regulatory Commission (FERC). Once approved by FERC, the transaction is expected to close.
The proceeds from the sale will reduce external financing needs, which is factored into NJR's current fiscal 2019 financing guidance.
Country updates
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November 22, 2018
New Energy Solar completes 55.6-MW US solar portfolio
New Energy Solar celebrated the completion of construction and commissioning of its eight newest solar plants in North Carolina and Oregon. Namely the Arthur, Church Road, County Home, Hanover, Heedeh...
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November 21, 2018
South Dakota PUC approves 219.6 MW wind project construction permit
The South Dakota Public Utilities Commission has approved, with conditions, the construction permit for Prevailing Wind Park, a 219.6 megawatt wind energy facility in Bon Homme, Charles Mix and Hutchi...
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November 20, 2018
Juhl Energy Partners With GE Renewable Energy to Build First of Its Kind Solar-Wind Hybrid Project
Juhl Energy announced that it has selected GE Renewable Energy to supply equipment for the first commercial integrated solar-wind hybrid power generation project in the U.S. The Minnesota-based clean...
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November 20, 2018
FirstEnergy Generation agrees to sell 545 MW West Lorain Facility to Vermillion Power
FirstEnergy Generation has agreed to sell its 545 MW West Lorain Facility and related assets to Vermillion Power, an affiliate of Starwood Energy Group Global. The deal represents a US$144 m...
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November 20, 2018
Vineyard Wind loses backing of Rhode Island fishing board for the development of 800 MW offshore wind project
Rhode Island fishing board has denied permission to the 800 MW Vineyard wind project off Rhode Island and Massachusetts, out of fear that the layout of the project’s 84 towering wind turbines in...
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