The installation is part of Plymouth’s ongoing efforts to advance environmental stewardship while creating value across their portfolio.
The solar array consists of 2,464 solar panels, with an estimated annual production of 1,203,420 kWh—enough to power more than 111 average-sized homes for a year.
This renewable energy project will contribute to Maine's ambitious climate goals as outlined in the state's climate action plan, "Maine Won't Wait," which aims to reduce carbon emissions and increase renewable energy production. The solar installation is expected to offset significant CO2 emissions, with year one production alone eliminating the equivalent emissions produced by burning 95,965 gallons of gasoline.
Will Herchel, CEO of Verogy, remarked, "This collaboration with Plymouth demonstrates the power of partnerships in advancing clean energy initiatives. We are proud to contribute to Maine's climate goals and to work with forward-thinking businesses like Plymouth, who are committed to sustainable practices and renewable energy."
"We are very excited about the solar installation at our Portland facility,” said Jim Connolly, Executive Vice President of Asset Management at Plymouth Industrial REIT. “This project reflects our strategy to expand our solar footprint across the portfolio. By dedicating roof space to renewable energy, we are not only helping reduce emissions but also generating additional revenue through lease payments."
