CI Renewables LLC and NJR Clean Energy Ventures Form Solar Development Partnership

CI Renewables LLC ("CI"), a leading independent developer and owner of large scale commercial and industrial solar power facilities, announced  that it has entered into an agreement with NJR Clean Energy Ventures (CEV), the renewable energy subsidiary of New Jersey Resources (NYSE: NJR), to jointly develop commercial and industrial solar power projects in the mid-Atlantic region of the United States.  

Since 2010, CI has specialized in developing commercial and industrial scale solar power generation assets, with expertise in engineering, construction, and operation for world class companies, institutions and governments. 

Joshua Smith, a Managing Partner of CI said, "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 of construction and operations of solar projects."

"CI will be a strong partner for CEV," stated Robert Pohlman, Vice President-Corporate Strategy, NJR Clean Energy Ventures and Energy Services. "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."

CEV is one of New Jersey's largest solar owner/operators. With over $1.2 billion invested in solar projects across six states, CEV maintains a portfolio of approximately 470 MW of installed capacity, or enough clean energy to power 70,000 homes and businesses annually. 

CI Renewables | www.cirehttp://new.com

NJR Clean Energy Ventures | www.njrcleanenergyventures.com