NJR Clean Energy Ventures
NJR CLEAN ENERGY VENTURES MAKES THE BENEFITS OF RENEWABLE ENERGY MORE ACCESSIBLE WITH THE COMPLETION OF THE OLD BRIDGE COMMUNITY SOLAR PROJECT
11/28/2023 - For Immediate ReleaseCommunity solar projects provide the benefits of clean energy to homeowners, renters and businesses who may otherwise be unable to install or access it. Consisting of 5,746 solar panels, the 2.8-megawatt (MW) array will provide renewable energy and reduced electricity costs to approximately 460 homes in Middlesex and Monmouth counties, with 51% of the generation supporting low- and middle-income residents. CEV will lease approximately eight acres of the underutilized space for the array for 35 years. The Old Bridge project was accepted as part of the New Jersey Board of Public Utilities’ highly competitive Community Solar Pilot Program and supports that state’s climate goals. The clean power generated is equivalent to reducing over 2,600 metric tons of carbon dioxide from the atmosphere, which is equal to removing more than 580 gasoline powered vehicles from New Jersey’s roadways annually.
“Our Old Bridge Community Solar project is another example of Clean Energy Ventures commitment to deliver renewable energy to customers, helping drive New Jersey towards its clean energy goals,” said Robert Pohlman, Vice President of NJR Clean Energy Ventures. “By turning this brownfield into a source of clean electricity, we are making the benefits of solar power more accessible for those who may otherwise not be able to benefit from an onsite array.”
“AC Power’s mission is to reenergize communities with solar, one brownfield at a time,” said Annika Colston, founder and CEO of AC Power, who developed the project. “We live in a critical time, where environmental stewardship and community ties are vital. We are proud to work with companies like CEV to transform underutilized space into clean energy.”
“Through our collaborative efforts, we were able to revitalize a decades-old former landfill and turn it into a beacon of sustainability and clean energy,” said Old Bridge Mayor Owen Henry. “Not only does this project symbolize our community’s commitment to green energy, but it also promises tangible benefits for our residents, including job creation and energy savings. I am excited for the brighter, greener future we are building together for Old Bridge Township."
The Global Landfill served the community of Old Bridge from 1968 until 1984, when it closed due to a slope failure on the site’s perimeter. The New Jersey Department of Environmental Protection ordered operations to cease, and the landfill has been inactive ever since. In 1989, the site was placed on the U.S. Environmental Protection Agencies’ National Priorities List of Superfund sites. After extensive environmental cleanup and monitoring over the past 30 years, remedial action at the landfill was successfully completed, paving the way for the Old Bridge Community Solar array.
The Old Bridge Community Solar project was developed and permitted by AC Power LLC, a leading solar development company with experience turning brownfields into clean energy assts. CEV acquired the project from AC Power in March of 2023 and retained CS Energy to build the facility. The project was placed into service in November of 2023.
CEV is one of the largest solar owner/operators in the state. Since 2009, it has invested over $1.2 billion in commercial and residential solar projects and today maintains 70 commercial solar assets across six states and a portfolio of approximately 470 MWs of installed capacity.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
- New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains natural gas transportation and distribution infrastructure to serve approximately 576,000 customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex, Sussex and Burlington counties.
- Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of approximately 470 megawatts, providing residential and commercial customers with low-carbon solutions.
- Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
- Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
- Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.
For more information about NJR visit:
www.njresources.com.
Follow CEV on Linkedin at linkedin.com/company/njr-clean-energy-ventures-corporation
About AC Power, LLC
AC Power is a mission-driven, woman-owned business specializing in transforming previously disturbed sites such as closed landfills, sand pits, quarries, and former coal mines into productive solar PV facilities. Our team recognizes the challenges and potential risks associated with developing previously disturbed sites, including legislative or regulatory hurdles, natural resource concerns, and existing environmental conditions. We pride ourselves on our ability to proactively address these concerns and mitigate risks from the outset to successfully bring solar PV facilities to operation. https://www.acpowerllc.com/
Contact:
Michael Kinney, Media
732-938-1031
Adam Prior, Investors
732-938-1145