NJR Clean Energy Ventures (NJRCEV), the unregulated clean energy subsidiary of New Jersey Resources, has completed the Two Dot Wind Farm, its first wind project.
Located on 176 acres in Two Dot, Mont., the 9.7 MW wind farm consists of six GE 1.62 MW wind turbines featuring an 87-meter rotor diameter. NJRCEV says it invested approximately $22 million to develop the project and will own and operate the wind farm.
The energy produced at the Two Dot Wind Farm, as well as the renewable attributes, will be sold through a 25-year power purchase agreement with utility NorthWestern Energy. Additionally, NJRCEV notes it expects the wind farm will qualify for federal production tax credits.
Laurence M. Downes, chairman and CEO of New Jersey Resources, says the completion of the company's first wind farm represents a significant milestone.
"Two Dot further demonstrates NJR Clean Energy Ventures' diversification of its investment portfolio," says Downes. "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."
Mortenson Construction was responsible for the design and construction of access roads, foundations, erection, an underground electrical collection system and a 100 kV substation. Mortenson notes the Two Dot wind farm is the fifth wind farm the renewable energy contractor has built in Montana to date, and the company will begin construction on its second project for NJR, the Carroll County wind farm in Iowa, in late summer.
"We are very pleased to support NJR's entry into the wind industry and to be part of the expansion of their renewable energy portfolio," states Tim Maag, vice president and general manager of Mortenson's wind energy group. "We value our new partnership and their commitment to furthering the growth of our industry.’