Verogy, a West Hartford, CT-based solar energy developer dedicated to delivering industry-leading renewable energy solutions and services, today announced the completion of two rooftop solar energy projects on buildings owned by INDUS Realty Trust at the New England Tradeport (NETP) in Windsor, CT. Installed on the rooftops of 110 and 220 Tradeport, the solar arrays' 2,560 solar modules will provide a reliable source of clean energy and contribute to the state's decarbonization efforts for the next 20 years.
"The installation of these rooftop solar arrays aligns with INDUS Realty Trust's sustainability initiatives, including making a positive impact on the communities in which INDUS operates," said William Herchel, CEO of Verogy. "INDUS Realty Trust is setting a strong example of how renewable energy can deliver both economic and environmental benefits."
NETP is a 4.3 million sq. ft. business park developed by INDUS Realty Trust. In addition to providing easy access to Bradley International Airport and the I-91, 1-84 and I-90 corridors, NETP is also part of a federally approved Foreign Trade Zone (FTZ #71) and the Airport Development Zone which offer significant incentives to qualified tenants. INDUS is committed to enhancing its portfolio with eco-friendly practices such as solar installations and energy-efficient upgrades.
"We are thrilled to celebrate the completion of the solar installations at 110 and 220 Tradeport," said Michael Gamzon, President and Chief Executive Officer of INDUS Realty Trust. "These projects mark a major step forward in our commitment to increasing our portfolio's environmental sustainability. This achievement would not have been possible without the hard work by members of our team, as well as the dedicated professionals at Verogy and Titan Energy."
Combined, the projects at 110 and 220 Tradeport will produce 1,669,300 kilowatt-hours (kWh) of clean energy annually, enough to power more than 154 average homes for a year. In addition, on an annual basis, the arrays will offset the equivalent of about 1,166 metric tons of carbon dioxide, equivalent to the amount of emissions generated by 278 gasoline-powered passenger vehicles driven for one year.
INDUS Realty Trust engaged Hartford-based energy consultant Titan Energy to identify and help select Verogy as the solar development company that would build, own, and operate solar arrays at 110 and 220 Tradeport and capture the incentives made available through the Connecticut Non-Residential Energy Solutions (NRES) program. Titan Energy, Verogy, and INDUS Realty Trust worked collaboratively to finalize the projects at 110 and 220 Tradeport which will provide significant financial and environmental value.
"These projects demonstrate the powerful role that solar energy can play in bringing additional revenue to businesses," said Adam Teff, General Manager of TitanGen, Titan Energy's renewable energy company. "We are thrilled to have supported INDUS Realty Trust in their journey towards a greener future, furthering their commitment to both environmental responsibility and sustainability."
About Verogy
Verogy is a West Hartford, CT-based solar developer focused on developing, constructing, and owning commercial, industrial, and small utility-scale projects. Built on 75+ years of combined industry experience, the professionals at Verogy have developed, financed, and constructed hundreds of solar projects across the United States. Learn more at https://www.verogy.com/.
About Titan Energy
Titan Energy is an independent energy management consultancy group with in-depth knowledge of energy procurement, demand-side management, generation services, electric vehicle infrastructure, utility data management and dashboarding operating in all competitive markets throughout North America. Titan Energy creates comprehensive energy management strategies utilizing data to control and reduce energy costs. For more information, please visit www.titanenergyne.com
Through its affiliate company, TitanGen, LLC ("TitanGen"), provides renewable energy project development and consultancy services to clients. TitanGen provides the necessary support to deliver best-in-class power creation and distribution technologies including, but not limited to, solar, fuel cell and combined heat and power.
About INDUS Realty Trust, Inc.
INDUS is a real estate business principally engaged in developing, acquiring, managing, and leasing industrial properties. As of July 2024, INDUS owned 49 buildings aggregating approximately 7.8 million square feet in addition to 5 buildings totaling 1.1 million square feet under development. INDUS' properties are located in Connecticut, Pennsylvania, North Carolina, South Carolina, Georgia, Tennessee, and Florida. INDUS is owned by affiliates of Centerbridge Partners, L.P., a global private investment firm with deep experience in real estate, and GIC, a global institutional investor. Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority is a strategic investor alongside Centerbridge in the ownership of INDUS.
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