Broad Street Realty Completes Solar Project at Shopping Center
Broad Street Realty Celebrates New Solar Installation
Broad Street Realty has proudly announced the successful completion of a significant rooftop solar project at Hollinswood Shopping Center. This innovative venture marks an essential step forward in advancing renewable energy solutions within local communities. The partnership with Centennial and Madison Energy Infrastructure has culminated in the installation of a 1 MW(dc) rooftop solar system, touted to be a game-changer for energy efficiency in the region.
Renewable Energy Impact
Enhancing Local Power Generation
The solar project at Hollinswood Shopping Center is designed to satisfy the energy needs of approximately 1,000 homes in the area. With over 1,500 solar panels installed on a 100,000 square foot rooftop, this endeavor is a vital contribution to increasing clean energy production. It symbolizes a strong commitment to sustainability and environmental responsibility, aiming to support families by reducing electricity costs while enhancing power generation capabilities.
Collaboration for Success
Centennial spearheaded the development of this project, entrusting construction to Halo, a reputable solar engineering contractor. Financing was responsibly arranged through AccelDev, reinforcing a collective effort to drive renewable energy initiatives. Madison Energy Infrastructure will own and manage the project, ensuring long-term reliability and community impact.
Statements from Leadership
Broad Street Realty's Vision
In a statement regarding the project, Michael Jacoby, the Chairman and CEO of Broad Street Realty, expressed, "We are thrilled to collaborate once again with Centennial and MEI to introduce solar energy to Hollinswood Shopping Center. These recent projects align closely with our commitment to reducing our carbon footprint and enhancing sustainability initiatives across our properties. Together, we are supporting local communities while fostering a clean energy future."
Centennial's Commitment
David John Frenkil, the Founder and Managing Principal of Centennial, highlighted the project's significance in commercial real estate. He noted, "The rooftop solar project at Hollinswood Shopping Center exemplifies how commercial real estate owners can increase their net operating income while simultaneously contributing efforts to lower household electricity costs. This is particularly important in a state that imports a notable percentage of its electricity consumption."
AccelDev's Financial Insight
Strategic Financing for Renewable Energy
Chip Brubaker, President of AccelDev, shared insights on the financing aspects, stating, "This project illustrates how strategic financing and effective partnerships can yield significant benefits for communities. AccelDev is proud to support Centennial and Broad Street in bringing this vision to fruition, enhancing overall energy solutions in the neighborhood."
Commitment to Sustainability
The completion of the Hollinswood Shopping Center solar project enhances Broad Street's commitment to innovative and sustainable solutions throughout its portfolio. With continuing advancements in renewable energy, Broad Street Realty continues to lead the commercial real estate sector in promoting eco-friendly initiatives that benefit both the environment and the community.
About Broad Street Realty, Inc.
Broad Street Realty, Inc. (OTCQX: BRST) stands as a fully integrated and self-managed real estate company, focusing on the ownership, operation, and development of essential grocery-anchored shopping centers and mixed-use properties. Their strategic locations within densely populated technology hubs and educational centers across the Mid-Atlantic and Southeast regions reflect their commitment to providing quality real estate solutions.
About Centennial
Centennial was established in 2014 and has been at the forefront of energy development, delivering innovative power projects tailored for commercial real estate and industrial properties. The company's diverse portfolio includes both on-site and front-of-the-meter energy solutions for numerous high-profile clients across various sectors.
About AccelDev
AccelDev is recognized as a leading renewable energy investment firm, specializing in providing flexible capital solutions for innovative developers. Their core mission is to empower entrepreneurs in the renewable sector who recognize the long-term potential of their projects.
Frequently Asked Questions
What is the scale of the Hollinswood solar project?
The Hollinswood project features a rooftop solar installation capable of generating 1 MW(dc), utilizing over 1,500 solar panels.
Who are the partners involved in the project?
The project is a collaboration between Broad Street Realty, Centennial, and Madison Energy Infrastructure, with construction by Halo.
What are the benefits of this solar installation?
This installation aims to reduce electricity costs for about 1,000 homes, while also enhancing local energy production.
How does the project align with environmental goals?
The project contributes to reducing carbon footprints and supports sustainable energy initiatives aimed at cleaner energy solutions.
What is Broad Street Realty's mission?
Broad Street Realty is committed to developing and operating real estate projects that prioritize sustainability and support community needs through innovative energy solutions.
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