Verogy and NJR Clean Energy Ventures Form Renewable Development Partnership

Verogy, a leading, vertically integrated solar development and construction company focused on the commercial and industrial, small utility-scale, and community solar segments, announced a partnership with NJR Clean Energy Ventures (CEV), the renewable energy subsidiary of New Jersey Resources (NYSE: NJR), to develop solar projects and solar plus battery energy storage systems across the Northeast.  

CEV is one of the region’s largest solar owner/operators with over $1.2 billion invested in solar projects across New Jersey and five other states. CEV maintains a portfolio of approximately 477 megawatts (MW) of installed capacity, or enough clean energy to power 70,000 homes and businesses annually. 

“This partnership adds more optionality and geographic diversification to our already strong project pipeline,” said Robert Pohlman, Vice-President, NJR Clean Energy Ventures. “Verogy is a respected developer who shares our commitment to delivering high quality, impactful projects to reduce emissions and advance clean energy goals.”

As leaders in the renewable energy marketplace with extensive experience designing, building and operating large-scale commercial solar assets, Verogy and CEV will focus on projects throughout the eastern seaboard.

“Verogy couldn’t be more pleased to partner with CEV,” said William Herchel, CEO of Verogy.  “Our collaboration with CEV gives our platform the tools and resources we need to continue delivering high quality projects at scale.  From day one, our focus has been transparency, safety, and execution quality; CEV is a perfect match for that mission.” 

Verogy | https://www.verogy.com/

AB CarVal | www.abcarval.com

New Jersey Resources | www.njresources.com