Jersey Atlantic, Pennsylvania
Jersey Atlantic wind farm (JAW) commenced operations on 14 March 2006 with a total installed capacity of 7.5 MW and an expected net energy output of 19.3 GWh per annum. The wind farm consists of 5 GE 1.50 MW wind turbines and is located in New Jersey. JAW has a net capacity factor of 24.9%.
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Key Information
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Funding
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Debt that was drawn to fund construction of the wind farm was repaid at the start of commercial operations. At the time equity was provided by a combination of Class A and Class B members.
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Revenue
assurance
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All electricity is sold under a long term off-take contract with a term of 20 years for approximately 49.25% of its P50 production, with the remaining electricity sold into the regional power pool at prevailing wholesale power prices.
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Customers
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Atlantic County Utilities Authority
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Operation
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Operations and maintenance contract for a 2 year term with GE
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Land
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Land leases with approximately 25 year term and option to extend
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IFN's
percentage
ownership
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59.3% of Class B Membership interests in a company that holds both wind farms. Remaining interest held by other Class B and Class A investors
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Regulatory
regime
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USA Production Tax Credits
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