Real estate investment trust STAG Industrial today announced the groundbreaking of its first onsite solar installations in Maryland, which are owned and developed by Summit Ridge Energy (SRE). The three projects are part of Maryland’s community solar program. Co-developed by Black Bear Energy and SRE, the systems have an aggregate capacity of 11.6 MW.
The installations include a 9.2-MW system on STAG’s Hampstead facility, which when completed will likely be the country’s largest rooftop community solar project. With the addition of these sites, STAG now hosts over 25.5 MW of solar nationally.
“We continue to leverage our portfolio by hosting solar wherever possible, and the Maryland market provided an opportunity for us to do just that. In this case, our Hampstead facility with a large, brand new roof was an ideal fit. It’s encouraging to know the local grid is greener thanks in part to the renewable energy generated by the solar system on our roof.” said Brian LaMont, Senior Vice President of Construction at STAG.
“Summit Ridge Energy is thrilled to partner with STAG and Black Bear Energy on this portfolio of industrial rooftop community solar projects in Maryland. SRE continues to be the nationwide leader in financing community solar projects and is excited to start construction on what will be the country’s largest rooftop community solar project“ said Nate Greenberg, Vice President of Rooftop Community Solar Development at Summit Ridge Energy.
“STAG is an industry leader in environmental stewardship and we are proud to support their efforts in onsite renewable generation. It is energizing to see our clients take action, creating value for themselves and the greater community,” commented Drew Torbin, Black Bear Energy’s Chief Executive Officer.
News item from SRE
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