Deals
New Jersey Resources Buying OwnEnergy Stake to Enter Wind Market
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New Jersey Resources Corp., the owner of a natural-gas distribution company that serves almost 500,000 customers in the state, agreed to buy 20 percent of OwnEnergy Inc., its first investment in wind power.
New Jersey Resources, which has focused its renewable-energy support on residential and commercial solar systems, paid $8.8 million for the minority stake, the Wall, New Jersey-based company said today in a statement.