On November 25, 2024, Verogy, a leading solar project developer, successfully completed a rooftop solar installation of 1.1-MWDC at Plymouth Industrial REIT’s 68,000-square-foot warehouse in Portland, Maine. This collaboration between Verogy and Plymouth Industrial REIT showcases the potential of partnerships in driving clean energy initiatives.
Verogy’s CEO, Will Herchel, expressed his pride in contributing to Maine’s climate goals and working with progressive businesses like Plymouth, who are dedicated to sustainable practices and renewable energy. The solar array, consisting of 2,464 solar panels, is expected to generate 1,203,420 kWh annually, enough to power over 111 homes for a year. This renewable energy project aligns with Maine’s ambitious targets outlined in the state’s climate action plan, “Maine Won’t Wait,” which aims to reduce carbon emissions and increase renewable energy production.
Jim Connolly, Executive VP of Asset Management at Plymouth Industrial REIT, shared his excitement about the solar installation at their Portland facility. He emphasized that this project reflects their strategy to expand their solar footprint across their portfolio. By utilizing roof space for renewable energy, they not only contribute to emission reduction but also generate additional revenue through lease payments.
This solar installation is a significant step towards a greener future, and Verogy and Plymouth Industrial REIT are proud to be at the forefront of this movement. With the use of renewable energy, we can make a positive impact on the environment while also benefiting financially. Stay tuned for more updates on our efforts to promote clean energy and sustainability.