Goldman Sachs Asset Management completed the acquisition of solar energy projects from SJI for $350m.

Goldman Sachs Asset Management, an investment manager, completed the acquisition of solar energy projects from SJI, an energy services holding company based in Folsom, NJ, for $350m. "This transaction represents the latest chapter in our ongoing effort to transform our business by monetizing non-core, non-regulated businesses and increasing investments in regulated assets that provide highly-visible cash flows and earnings. We are pleased to partner with GSAM in transitioning these high-quality assets to new ownership," Michael J. Renna, SJI President and CEO.