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
Permian Basin Coalition Highlights Philanthropic Investments
2024-07-23 - Since 2019, the Permian Strategic Partnership has doubled its membership and used philanthropic investments to generate more than $1.5 billion in community support and collaborative investment.
Permian Operations at Risk as Wastewater Equation Remains Unbalanced
2024-06-17 - Wastewater injection is a growing cause of induced seismic activity in oil- and gas-producing regions in the U.S., and without proper management solutions, operational capacities are at risk.
Avant Natural Resources Steps Out with North Delaware Avalon Tests
2024-08-21 - With the core of the Delaware Basin in full manufacturing mode, Avant Natural Resources is pushing an operated portfolio into the northern reaches of the New Mexico Delaware.
URTeC: E&Ps Tap Refrac Playbook for Eagle Ford, Bakken Inventory
2024-06-17 - Refracs and other redevelopment projects might not be needle-moving growth drivers—but they’re becoming more common for E&Ps levered in maturing plays like the Eagle Ford and Bakken, experts discussed at URTeC 2024.
Northern Midland: EOG Brings on Dean Oil Well in SE Dawson Stepout
2024-06-18 - EOG Resources has not stated yet that Dawson County is the location of its new “stealth play.” It remained mum in an investment-banking conference this week.