The 2.1 MW Project Is Expected to Provide 2.6
Gigawatt-Hours of Clean Energy and Is the First Operational Project
for the State's Shared Clean Energy Facility (SCEF)
Program
WAYNE,
Pa., Aug. 30, 2023 /PRNewswire/ -- Dynamic
Energy Solutions, LLC, a leading developer and installer of
commercial and community solar projects, has completed construction
on a groundbreaking rooftop solar project in Connecticut. The 2.1 MW solar system became
operational in August 2023 and is the
state's first Shared Clean Energy Facility (SCEF) project to come
online.
The rooftop project is owned by DSD Renewables (DSD), a
distributed energy solution provider, and hosted by STAG Industrial
(NYSE:STAG), a leading real estate investment trust (REIT) focused
on industrial properties. The project was facilitated by Black Bear
Energy, a Legence Company, and developed and built by Dynamic
Energy.
This project is part of a growing trend in commercial real
estate to host community solar projects on industrial rooftops. In
turn, these projects help states meet their emissions and
sustainability goals while delivering clean energy to local
communities.
Collaboration is Key for Community Solar
Rooftops
This project exemplifies the thoughtful collaboration between
commercial real estate entities, developers, financiers, utilities,
and engineering, procurement and construction (EPCs) that is vital
when bringing these important renewable energy projects
online.
"As the developer and EPC on the STAG project, we appreciate the
opportunity to work with such dedicated partners to deliver clean,
locally generated energy to communities in Connecticut," said John Conley, President and CEO of Dynamic
Energy. "At Dynamic Energy, we are committed to building
distributed energy resources close to the communities where the
energy will be used. Forward-thinking policies like Connecticut's SCEF program are unlocking new
opportunities to generate clean energy on otherwise dormant rooftop
space. We value our long-standing relationship with DSD and are
grateful to partner with them on these iconic projects."
"This project demonstrates DSD's commitment to accelerate the
deployment of renewable energy resources," said Kevin Hu, Senior Manager of Asset Acquisitions
at DSD. "It is an honor to work with trusted partners like Dynamic
Energy and we are proud to see their hard work come to fruition on
this monumental project that will deliver clean energy to
Connecticut communities."
"STAG is committed to taking action to host solar on our
rooftops. Bringing additional renewables onto the grid in areas
where our buildings are located provides a win for the community,
the utility customers, and our shareholders. This is the 13th solar
project we have energized and will bring our total MW of hosted
renewables to over 27.7 MW," said Brian
LaMont, SVP of Construction/Sustainability for STAG
Industrial.
"Rooftop solar projects, hosted on industrial
warehouses, offer an incredible opportunity for REITs to
develop distributed renewable energy and decarbonize the built
environment. Black Bear is proud to have facilitated this project
between STAG and DSD and we look forward to bringing more clean
energy onto the grid with these partners in the future," said Black
Bear's Founder and President, Drew
Torbin.
Clean Energy for Connecticut
Through Connecticut's SCEF
program, this solar project will export lower-cost clean energy
back onto the grid for use by local electricity users. The 2.1 MW
solar project is expected to generate enough electricity to
power approximately 300 average Connecticut homes each year. The project is
expected to offset approximately 1,825 metric tons of carbon
dioxide each year, which is the equivalent the carbon sequestered
by 2,176 acres of U.S. forests in a year.
About Dynamic Energy
Founded in 2007, Dynamic Energy is a full-service developer and EPC
focused on commercial and community solar, energy storage, and EV
charging projects across the U.S. With perspective, skill, and
tenacity, we guide our partners into the next generation of clean
energy. We have built more than 200 megawatts of solar with
$350 million in asset value and have
a development pipeline totaling more than 750 MW. Our mission is to
create impactful distributed generation projects that decarbonize
the grid and bring more clean, affordable energy to the communities
where it's used. For more information, please
visit www.dynamicenergy.com.
About DSD Renewables
DSD Renewables (DSD) is transforming the way organizations harness
clean energy while building a more sustainable future. With
unparalleled capabilities including development, structured
financing, project acquisition and long-term asset ownership, DSD
accelerates the deployment of renewable energy resources and
creates significant value for our commercial, industrial, and
municipal customers and partners. Backed by world-leading financial
partners, our team brings a distinct combination of ingenuity,
rigor, and accountability to every project we manage, acquire, own,
and maintain. To learn more, visit DSDRenewables.com and
connect with us on LinkedIn, Twitter, and Facebook.
About STAG Industrial, Inc.
STAG Industrial, Inc. (NYSE:STAG) is a real estate investment trust
focused on the acquisition, ownership, and operation of industrial
properties throughout the United
States. As of June 30, 2023, the Company's portfolio
consists of 558 buildings in 41 states with approximately 111.1
million rentable square feet. For additional information,
please visit the Company's website
at www.stagindustrial.com.
About Black Bear Energy
Black Bear Energy, a Legence Company, is a technology-enabled,
commercial buyer's representative specializing in onsite renewable
energy and cleantech services. In the past five years, Black Bear
has helped its clients bid out over 1,000 clean technology projects
in more than 20 states through its data driven process. For more
information about Black Bear Energy,
visit BlackBearEnergy.com. For press inquiries,
contact info@blackbearenergy.com.
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SOURCE Dynamic Energy