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
Expanding Gas Processing Capacity May Increase Permian Crude
2024-05-31 - The development of gas processing plants and a pipeline opening in the Permian Basin are expected to give crude producers a boost in the second half of 2024.
Future Permian Gas Pipeline May Have a Difficult Route to Follow
2024-05-22 - Kinetik Midstream’s CEO Jamie Welch sees more expensive and longer pipeline paths causing complications for midstream companies.
NatGas Punches Above $3 Thanks to Summer Heat, Curtailments
2024-06-11 - Natural gas prices, stuck in the doldrums since January, have been slowly rising since May.
Gas Prices in a Summer of Discontent
2024-05-14 - In February, natural gas prices dropped below $2/MMBtu and stayed there. How is the market handling it, and when will the price pick back up?
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-05-10 - Baker Hughes said oil rigs fell three to 496 this week, their lowest since November, while gas rigs rose one to 103.