NJR Clean Energy Ventures (NJRCEV) plans to invest about $23.7m to construct, own and operate a 4.7MW, ground-mount solar system in New Jersey, US.
The Vineland solar array is expected to generate about 7.2 million kWh of energy every year.
NJRCEV is also working with PJM Interconnection and the Vineland Municipal Electric Utility to serve the wholesale market.
New Jersey Resources Chairman and CEO Laurence Downes said this solar facility will use a single axis tracking system and will generate 20 to 25% more energy compared to a fixed-tilt racking system.
Power generated from the system will be eligible for solar renewable energy certificates, which can be sold to load serving entities in New Jersey.
The company has engaged American Capital Energy as the engineering, procurement and construction contractor.
Construction of the system is expected to be complete in 30 September 2011.