Posted on Sep 20, 2012 |

This article appeared in Energy Business Review. You can access the story here.

By EBR Staff Writer

NJR Clean Energy Ventures (CEV) will acquire a 20% ownership stake in OwnEnergy, a developer of wind projects, by investing $8.8m.

Following this investment, a NJR CEV representative will join OwnEnergy's board; other investors in OwnEnergy include EnerTech Capital Partners and Calpers Clean Energy & Technology Fund.

NJR CEV chairman and CEO Laurence M Downes announced the entry of the firm into the wind energy market, which would further diversify its investments in the renewable energy marketplace.

Read the rest of the article here.