NJR Clean Energy Ventures (NJRCEV), the unregulated distributed power subsidiary of New Jersey Resources, announced the completion of its third onshore wind project, the Alexander Wind Farm. Located in Rush County, Kansas, approximately 120 miles northwest of Wichita, the $83 million project consists of 21 turbines with a total capacity of 48.3 MW.
“Our investment in onshore wind represents a long-term growth opportunity for our company and our share owners,” said Laurence M. Downes, chairman and CEO of New Jersey Resources. “With the successful completion of the Alexander Wind Farm, onshore wind now accounts for 40% of our distributed power capacity and underscores NJR Clean Energy Ventures’ continuing efforts to strengthen and diversify our portfolio, as well as our commitment to make clean energy – and its benefits – more accessible.”
The energy produced at the Alexander Wind Farm, as well as the renewable attributes, will be sold under two long-term agreements.
- The Kansas City Board of Public Utilities (KCBPU) has signed a 20-year power purchase agreement for approximately 50% of the energy. The KCBPU currently serves approximately 65,000 electric and 59,000 water customers in Wyandotte County, Kansas.
- The remaining energy will be purchased through a 15-year agreement by Yahoo!, Inc., the global Internet corporation headquartered in California. Yahoo will use the wind power to offset much of its energy usage in the Great Plains region.
In addition to the Alexander Wind Farm, NJRCEV placed the Montana-based Two Dot Wind Farm in service in June 2014 and the Carroll Area Wind Farm, located in Iowa, in service in February 2015. These two wind farms have a total capacity of 9.7 MW and 20 MW, respectively.
NJRCEV expects the wind farm will qualify for federal production tax credits (PTCs), which are based on kilowatt-hour output. All PTCs generated by the Alexander Wind Farm will be retained by NJR.
Filed Under: News, Projects