Real Estate Developer Adds 3.7 MW of Solar to Shopping Centers
January 28th, 2021

Via Renewable Energy World, a report on one real estate developer’s plans to maximize shopping center roofspace in New York and Massachusetts:

This week, real estate developer Kimco Realty Corp. announced that it has initiated five new solar projects. Four of the projects will be at Kimco properties in the New York metropolitan region, including the company’s new headquarters in Jericho, Long Island, as well as Greenridge Plaza, Forest Avenue Shopping Center and Richmond Shopping Center, all on Staten Island. The fifth is in Massachusetts at Festival in Hyannis Shopping Center. The projects together have a total installed capacity of 3.7 MW and will produce an estimated 4.64 million kWh annually, according to the company.

The solar project at Jericho Commons Shopping Center is part of Long Island’s Commercial Solar Feed-in Tariff program and will supply clean energy to PSEG Long Island. The Staten Island projects are part of the New York community solar program. The solar arrays will provide energy to community solar subscribers in the ConEdison utility area, giving residents the opportunity to purchase clean power.

All five projects were facilitated through Kimco’s partnership with Black Bear Energy and were developed beginning in 2020 by Green Street Power Partners.

 


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About This Blog And Its Author
As potential uses for building and parking lot roofspace continue to grow, unique opportunities to understand and profit from this trend will emerge. Roof Options is committed to tracking the evolving uses of roof estate – spanning solar power, rainwater harvesting, wind power, gardens & farms, “cooling” sites, advertising, apiculture, and telecom transmission platforms – to help unlock the nascent, complex, and expanding roofspace asset class.

Educated at Yale University (Bachelor of Arts - History) and Harvard (Master in Public Policy - International Development), Monty Simus has held a lifelong interest in environmental and conservation issues, primarily as they relate to freshwater scarcity, renewable energy, and national park policy. Working from a water-scarce base in Las Vegas with his wife and son, he is the founder of Water Politics, an organization dedicated to the identification and analysis of geopolitical water issues arising from the world’s growing and vast water deficits, and is also a co-founder of SmartMarkets, an eco-preneurial venture that applies web 2.0 technology and online social networking innovations to motivate energy & water conservation. He previously worked for an independent power producer in Central Asia; co-authored an article appearing in the Summer 2010 issue of the Tulane Environmental Law Journal, titled: “The Water Ethic: The Inexorable Birth Of A Certain Alienable Right”; and authored an article appearing in the inaugural issue of Johns Hopkins University's Global Water Magazine in July 2010 titled: “H2Own: The Water Ethic and an Equitable Market for the Exchange of Individual Water Efficiency Credits.”