The solar project is expected to produce approximately 9 million kilowatt-hours in the next 12 months, the equivalent of avoiding more than 6,100 metric tons of CO2 annually. (Source: Shutterstock)
Altus Power, the largest commercial scale provider of clean electric power, announced the acquisition of an 8.5-megawatt (MW) solar array in New Jersey on June 24.
The ground-mounted project generates clean, electric power that will be sold to PJM, the local independent system operator, as well as solar renewable energy credits. The project also increases the size of Altus’ New Jersey portfolio to 185.5 MW in aggregate.
The project is expected to produce approximately 9 million kilowatt-hours in the next 12 months, the equivalent of avoiding more than 6,100 metric tons of CO2 annually.
Recommended Reading
Phillips 66’s NGL Focus, Midstream Acquisitions Pay Off in 2024
2025-02-04 - Phillips 66 reported record volumes for 2024 as it advances a wellhead-to-market strategy within its midstream business.
Pinnacle Midstream Execs Form Energy Spectrum-Backed Renegade
2025-02-03 - Renegade Infrastructure, led by Permian-centric Pinnacle Midstream developers Drew Ward and Jason Tanous, have received a capital commitment from Energy Spectrum Partners.
Argent LNG, Baker Hughes Sign Agreement for Louisiana Project
2025-02-03 - Baker Hughes will provide infrastructure for Argent LNG’s 24 mtpa Louisiana project, which is slated to start construction in 2026.
Velocity Management Invests in Pipeline Builder M Wright Services
2025-01-16 - Velocity Management Advisors has made a minority investment in M Wright Services and three of Velocity’s partners will join the construction firm’s board.
Italy's Intesa Sanpaolo Adds to List of Banks Shunning Papua LNG Project
2025-02-13 - Italy's largest banking group, Intesa Sanpaolo, is the latest in a list of banks unwilling to finance a $10 billion LNG project in Papua New Guinea being developed by France's TotalEnergies, Australia's Santos and the U.S.' Exxon Mobil.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.