Boston—STAG Industrial, Inc. announced the groundbreaking of four new solar rooftop systems in Massachusetts and one in New Jersey. The projects will deliver energy to the local electrical grid, ultimately powering homes and businesses.
Black Bear Energy facilitated the project in partnership with STAG.
These systems have an aggregate capacity of 8.5MW, which will generate over 10 million kWh of electricity annually – the equivalent to powering nearly 1,000 homes with solar.
With the addition of these sites, STAG now hosts over 10 MW of solar nationally. The MA projects are being developed by Nautilus Solar Energy, LLC as part of the Solar Massachusetts Renewable Program (SMART) – a program to cost-effectively bring new distributed solar resources in the state.
“We are headquartered in Boston and have been excited about hosting solar in our home state since the announcement of the Massachusetts SMART Program years ago. The SMART
program enabled us to leverage our square footage and to provide resources for the local
community, helping us to demonstrate our commitments to sustainability with local concrete action,” said Brian LaMont, Senior Vice President of Construction at STAG.
Construction on all of the MA and NJ solar sites commenced in early Spring and all of the solar systems are expected to be online by the fourth quarter of 2020 or earlier.
STAG is actively pursuing solar opportunities nationwide, with executed contracts across several states in development.
“We are honored to be working with STAG on these projects. Hosting solar on industrial
buildings challenges the mindset that these assets are solely hubs for distributing goods. It
showcases the opportunity to deliver local, clean energy to surrounding communities while
creating value for the landlord. That’s the beauty of onsite solar,” commented Drew Torbin,
Black Bear Energy’s Chief Executive Officer. “It’s exciting to have commenced construction as these sites are expected to be some of the first MA SMART rooftop solar projects qualified for community solar to come online,” added Jeffrey Cheng, President of Nautilus Solar Energy.
STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. As of March 31, 2020, the Company’s portfolio consists of 456 buildings in 38 states with approximately 91.8 million rentable square feet.
