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M id A tlantic Real Estate Journal — Office & Industrial/Distribution Centers — May 21 - June 17, 2021 — 11A

www.marej.com

O ffice & I ndustrial /D istribution C enters Solar Landscape Duke Realty gets commended byGovernorMurphy for achieving ESG goals through rooftop leases

O

n January 28th, New Jersey Governor Phil Murphy held a press

the projects provide to New Jersey communities – lower utility costs – cleaner air – and

Commercial real estate own- ers generate additional lease revenue and demonstrate their

community solar. With the pressure to make decisions based on Environmental,

mate change, while at the same time driving additional lease revenue back to the company thorough roof lease payments. Want to rent your roof? The New Jersey Board of Public Utilities will be accepting ap- plications for new community solar projects soon. If you would like more information about how your company can benefit from New Jer- sey Community Solar, email Shaun Keegan, founder & CEO of Solar Landscape at shaun@solarlandscape and I will be happy to connect with you. MAREJ

event at two Duke Realty i n d u s t r i a l facilities in Per th Am- boy to honor the compa- ny and an- nounce that the states ’

The New Jersey Community Solar Energy Pilot Program represents an opportunity to transparently battle climate change, while at the same time driving additional lease revenue back to the company thorough roof lease payments.

Shaun Keegan

job opportunities - without the need for solar panels on residential rooftops. The newest project appli- cations include many of the state’s largest commercial real estate owners. And why not?

commitment to combating cli- mate change and a sustainable future. New Jersey’s industrial real estate market with its massive, often unencumbered rooftop spaces – is ideal for

Sustainable and Governance (ESG) initiatives, compa- nies are recognizing that the New Jersey Community Solar Energy Pilot Program represents an opportunity to transparently battle cli-

first community solar projects were operational. The Gover- nor was joined by New Jer- sey Board of Public Utilities President Joseph Fiordaliso, Congressman Frank Pallone, Assemblywoman Yvonne Lo- pez, Assemblyman/Speaker Chris Coughlin, Perth Amboy Mayor Helmin Caba and other dignitaries as they honored Duke Realty its early adop- tion of community solar. The Governor commended Duke Realty for their partnership with Solar Landscape and the City of Perth Amboy and pointed out that the clean energy economy is a once in a generation opportunity. Solar Landscape will own and operate the Perth Amboy projects (as well as the Duke Realty projects in Teterboro and Wood Ridge) and provide a twenty-year lease payment for the nearly 1 million square feet of roof space utilized for the four solar arrays. As the energy generated by the proj- ects powers the community - not the facilities, the buildings’ tenants are not involved in the projects. The CRE project hosts leverage existing indus- trial rooftop space to host pho- tovoltaic panels – generates lease payments – and bears none of the project costs. Solar Landscape, in turn, connects New Jersey communities to the discounted solar energy. The Duke Realty – Solar Landscape partnership was forged by a shared commit- ment from both companies to the communities they operate within and represent what is possible when business objec- tives transcend the bottom line and seek to achieve a higher purpose. At the January event, the Governor pointed out that the Duke Realty four projects prevent nearly 10,000 metric tons of carbon dioxide from entering the atmosphere each year. He thanked Duke Realty for leading the way through its partnership with Solar Land- scape, pointing out the good

Congratulations, Duke Realty- the Largest Community Solar Project Host in New Jersey Solar Landscape has leased more than 10 million square feet of roof space for Community Solar projects – and we’re just getting started! Join the largest CRE owners in New Jersey – Lease Your Roof Space

· No cost to the CRE owner · Tenants are not involved · Guaranteed lease payments

FOR MORE INFORMATION EMAIL CEO SHAUN KEEGAN: SHAUN@SOALRLANDSCAPE.COM

WWW.SOLARLANDSCAPE.COM

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