December 3, 2024
Solar energy developer Verogy has completed a roof project at a warehouse in Portland, Maine, to bring more renewable energy to the Pine Tree State.
Verogy partnered with the Boston-based real estate investment firm Plymouth Industrial REIT to develop the 1 MWdc rooftop facility at Plymouth’s 68,000-square-foot warehouse at 54 Milliken St. in Portland. The project is part of Plymouth’s ongoing efforts to promote environmental stewardship while creating value across its portfolio.
“This collaboration with Plymouth demonstrates the power of partnerships in advancing clean energy initiatives,” said Will Herchel, CEO of Verogy, which is based in West Hartford, Connecticut, and focuses on developing, building and owning commercial , industrial and small utilities. solar projects. “We are proud to contribute to Maine’s climate goals and partner with forward-thinking companies like Plymouth who are committed to sustainable practices and renewable energy.”
The solar panel consists of 2,464 solar panels, with an estimated annual production of 1,203,420 kWh. This renewable energy project will contribute to Maine’s climate goals as outlined in the state’s climate action plan, “Maine Won’t Wait,” which aims to reduce carbon emissions and increase renewable energy production.
“We are very excited about the solar installation at our Portland facility,” said Jim Connolly, executive VP of asset management at Plymouth Industrial REIT. “This project reflects our strategy to expand our solar footprint across the portfolio. By dedicating roof space to renewable energy, we not only help reduce emissions, but also generate additional income through lease payments.”
Plymouth Industrial REIT is a full-service, vertically integrated real estate investment trust focused on the acquisition, ownership and management of single- and multi-tenant industrial properties. The company’s mission is to provide tenants with cost-effective space that is functional, flexible and safe.
Keywords: commercial and industrial
