With the successful completion of the Alexander Wind Farm, onshore wind now accounts for 40 percent 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.
All PTCs generated by the Alexander Wind Farm will be retained by NJR.
With annual revenues in excess of $3 billion, NJR is comprised of five primary businesses:
NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services to its customers across North America.
NJR Clean Energy Ventures is a leading renewable energy company that invests in, owns and operates solar and onshore wind projects with a total capacity in excess of 42 megawatts providing residential and commercial customers with low carbon solutions.
NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides customized energy solutions to its customers across North America.
NJR Home Services is a premier provider of heating, central air conditioning, standby generators, solar and other indoor and outdoor comfort products to nearly 130,000 residential homes and businesses throughout New Jersey.
5 billion in annual revenues, NJR
safely and reliably operates and maintains 6,700 miles of natural gas transportation and distribution infrastructure to serve nearly half a million customers; develops and manages a diverse portfolio of 1.
cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond NJR
's ability to control or estimate precisely, such as estimates of future market conditions and the behavior of other market participants.
The investment by NJR will qualify for federal investment tax credits.
To help spread the word about The Sunlight Advantage, NJR also announced a referral program, which will provide a $25 gift card to anyone who refers a homeowner who, in turn, becomes a Sunlight Advantage customer.
Trice, each for three-year terms, to the NJR Board of Directors, and approved the non-binding advisory resolution approving the compensation of the company's named executive officers.