NJR Clean Energy Ventures (NJRCEV), a subsidiary of New Jersey Resources, has completed a 14.1 MW solar system built on McGraw-Hill's East Windsor, N.J., campus. The $59.5 million system is NJRCEV's largest single investment to date, the company notes.
In addition, NJRCEV placed other projects into service during the first quarter of fiscal 2012, including the 3.6 MW project at the Village of Manalapan, N.J.; the remaining 25% of a 4.7 MW system in Vineland, N.J.; and a 1.3 MW system across two rooftops in Edison, N.J.
The Manalapan installation is a $17.2 million, ground-mount solar project. The remaining 25% of the solar project in Vineland completes the 4.7 MW, $22.3 million, ground-mount installation. The Edison project comprises two rooftops and represents a $6.4 million investment.
All of the investments made by NJRCEV will qualify for a 30% federal investment tax credit, the company notes. In addition, the energy produced will generate solar renewable energy certificates.