NJR Clean Energy Buying 48-Megawatt OwnEnergy Kansas Wind FarmJustin Doom
New Jersey Resources Corp.’s NJR Clean Energy Ventures is buying its third wind farm from OwnEnergy Inc., a 48-megawatt project in Kansas.
The power unit is paying about $85 million for the Alexander Wind Farm in Rush County, about 120 miles northwest of Wichita, Kansas, according to a statement today.
“As renewable energy becomes an increasingly larger and important part of our nation’s energy future, we will continue to look for investment opportunities that strengthen our distributed-power portfolio,” NJR Chief Executive Officer Laurence Downes said in the statement.
The Alexander Wind Farm is expected to begin generating power in the third quarter of next year. The Kansas Board of Public Utilities is buying about half of the electricity under a 20-year contract, and Yahoo! Inc. is buying the remainder under a 15-year agreement that seeks to offset the company’s energy usage in the Great Plains.
The power unit previously bought the Two Dot Wind Farm in Montana and the Carroll Area Wind Farm in Iowa from OwnEnergy.