OwnEnergy sells Montana Wind Farm to NJR Clean Energy Ventures

NJR Clean Energy Ventures, a subsidiary of New Jersey Resources, has acquired OwnEnergy’s 9.72MW wind power plant in the state of Montana, US.

The Two Dot plant, which will be located on east of the state capital of Helena, will feature six GE 1.62MW turbines.

OwnEnergy founder and CEO Jacob Susman said that the Two Dot project is the latest example that the company’s breakthrough development model for community scale projects is working.

"It’s also affirmation that our relationship with NJR Clean Energy Ventures, as both a corporate and project investor, is bearing fruit," Susman added.

"We’re very proud of our local partner Dave Healow, who will be recognized next month by AWEA for Outstanding Achievement in Distributed Wind."

NJR Clean Energy Ventures will invest around $22m and will also be responsible for constructing, owning and operating the wind farm.

"I’m thrilled to see that another wind farm will join Montana’s energy infrastructure. Jacob Susman and the team at OwnEnergy have cracked the code on producing community scale wind, and I look forward to partnering with them on more successful projects in the years to come." ," Susman further added.

Power generated by the plant will be sold to NorthWestern Energy under a 25-year power purchase agreement.

Mortenson Construction will be selected by NJR Clean Energy Ventures for engineering, procurement and construction services for the project.

The plant is expected to become operational in summer 2014.