CI Renewables partners with NJR Clean Energy Ventures for solar power projects in Mid-Atlantic
In a significant development for the renewable energy sector in the United States, CI Renewables LLC (“CI”), a distinguished independent developer and owner of large-scale commercial and industrial solar power facilities, has announced its collaboration with NJR Clean Energy Ventures (CEV), the renewable energy subsidiary of New Jersey Resources (NYSE: NJR). This partnership is set to drive the development of solar power projects across the mid-Atlantic region, reinforcing both companies’ commitment to the expansion of renewable energy solutions.
Since its inception in 2010, CI Renewables LLC has carved a niche in the solar energy sector by specializing in the development of commercial and industrial scale solar power generation assets. With a keen focus on engineering, construction, and operation, CI has established a reputation for delivering world-class solar energy solutions to companies, institutions, and governments alike.
Joshua Smith, a Managing Partner at CI Renewables LLC, expressed enthusiasm about the new partnership, stating, “We are delighted to partner with NJR Clean Energy Ventures to pursue the next stage in our development of large-scale solar projects. CEV brings to CI a reliable and well-capitalized partner with a deep background in the construction and operations of solar projects.”
NJR Clean Energy Ventures, known for being one of New Jersey’s largest solar owner/operators, boasts an impressive portfolio. With an investment exceeding $1.2 billion in solar projects across six states, CEV manages approximately 470 MW of installed capacity. This capacity is sufficient to supply clean energy to around 70,000 homes and businesses annually, underscoring the company’s pivotal role in promoting renewable energy across the region.
Robert Pohlman, Vice President-Corporate Strategy at NJR Clean Energy Ventures and Energy Services, highlighted the synergies between the two companies. He remarked, “CI will be a strong partner for CEV. Josh and his team have an exceptional track record of both developing and managing innovative solar projects through completion. CEV has worked to foster and cultivate relationships with developers, such as CI, that share a core focus of bringing the benefits of clean energy to a growing number of customers, and this engagement accelerates our geographic diversification strategy.”
This partnership between CI Renewables LLC and NJR Clean Energy Ventures represents a strategic move towards leveraging the strengths of both entities to accelerate the development and deployment of solar energy solutions in the mid-Atlantic region. By combining CI’s development expertise with CEV’s operational excellence and financial resources, this collaboration is poised to make a substantial impact on the renewable energy landscape, contributing significantly to the transition towards a more sustainable and clean energy future.