Broad Street, Centennial and AccelDev Announce the Completion of Rooftop Solar Project in Maryland
Broad Street Realty (BRST) has completed a new 1 MW(dc) rooftop solar installation at Hollinswood Shopping Center in Baltimore County, Maryland, in partnership with Centennial and Madison Energy Infrastructure. The project, featuring over 1,500 solar panels across a 100,000 square foot roof, follows their recent 2.4 MW(dc) installation at Cromwell Shopping Center. The installation will benefit approximately 1,000 homes in the area through reduced electricity costs.
The project was developed by Centennial, constructed by Halo, financed by AccelDev, and will be owned and operated by Madison Energy Infrastructure. This initiative aligns with Broad Street's ESG commitments and Maryland's goals to increase local power generation, particularly significant as the state currently imports nearly 40% of its electricity.
Broad Street Realty (BRST) ha completato una nuova installazione solare fotovoltaica da 1 MW(dc) sul tetto del centro commerciale Hollinswood nella contea di Baltimore, Maryland, in collaborazione con Centennial e Madison Energy Infrastructure. Il progetto, che comprende oltre 1.500 pannelli solari distribuiti su un tetto di 9.290 metri quadrati, segue la loro recente installazione da 2,4 MW(dc) al Cromwell Shopping Center. L'impianto porterà benefici a circa 1.000 abitazioni della zona, riducendo i costi dell'elettricità.
Il progetto è stato sviluppato da Centennial, costruito da Halo, finanziato da AccelDev e sarà di proprietà e gestito da Madison Energy Infrastructure. Questa iniziativa è in linea con gli impegni ESG di Broad Street e con gli obiettivi del Maryland di aumentare la produzione locale di energia, un aspetto particolarmente importante dato che lo stato importa attualmente quasi il 40% della sua elettricità.
Broad Street Realty (BRST) ha completado una nueva instalación solar en azotea de 1 MW(dc) en el centro comercial Hollinswood en el condado de Baltimore, Maryland, en colaboración con Centennial y Madison Energy Infrastructure. El proyecto, que cuenta con más de 1.500 paneles solares distribuidos en un techo de 9.290 metros cuadrados, sigue a su reciente instalación de 2,4 MW(dc) en el Cromwell Shopping Center. La instalación beneficiará a aproximadamente 1.000 hogares en la zona mediante la reducción de los costos eléctricos.
El proyecto fue desarrollado por Centennial, construido por Halo, financiado por AccelDev y será propiedad y operado por Madison Energy Infrastructure. Esta iniciativa está alineada con los compromisos ESG de Broad Street y con los objetivos de Maryland de incrementar la generación local de energía, algo especialmente relevante dado que el estado actualmente importa casi el 40% de su electricidad.
Broad Street Realty (BRST)는 메릴랜드주 볼티모어 카운티의 홀린스우드 쇼핑센터에 1MW(dc) 규모의 옥상 태양광 설치를 Centennial 및 Madison Energy Infrastructure와 협력하여 완료했습니다. 이 프로젝트는 100,000평방피트(약 9,290제곱미터) 크기의 지붕에 1,500개 이상의 태양광 패널을 설치했으며, 최근 Cromwell 쇼핑센터에 설치한 2.4MW(dc) 규모의 프로젝트에 이은 것입니다. 이 설치로 약 1,000가구가 전기 요금 절감 혜택을 받게 됩니다.
본 프로젝트는 Centennial이 개발하고 Halo가 시공했으며 AccelDev가 자금을 지원했고 Madison Energy Infrastructure가 소유 및 운영할 예정입니다. 이 사업은 Broad Street의 ESG 약속과 메릴랜드주의 지역 전력 생산 증대 목표에 부합하며, 현재 주에서 전력의 거의 40%를 수입하고 있다는 점에서 특히 중요합니다.
Broad Street Realty (BRST) a achevé une nouvelle installation solaire photovoltaïque en toiture de 1 MW(dc) au centre commercial Hollinswood dans le comté de Baltimore, Maryland, en partenariat avec Centennial et Madison Energy Infrastructure. Le projet, comprenant plus de 1 500 panneaux solaires répartis sur une toiture de 9 290 mètres carrés, fait suite à leur récente installation de 2,4 MW(dc) au Cromwell Shopping Center. Cette installation bénéficiera à environ 1 000 foyers de la région en réduisant leurs coûts d'électricité.
Le projet a été développé par Centennial, construit par Halo, financé par AccelDev, et sera détenu et exploité par Madison Energy Infrastructure. Cette initiative est conforme aux engagements ESG de Broad Street et aux objectifs du Maryland visant à augmenter la production locale d'électricité, ce qui est particulièrement important puisque l'État importe actuellement près de 40 % de son électricité.
Broad Street Realty (BRST) hat in Zusammenarbeit mit Centennial und Madison Energy Infrastructure eine neue 1 MW(dc) Dach-Solaranlage im Hollinswood Shopping Center im Baltimore County, Maryland, fertiggestellt. Das Projekt umfasst über 1.500 Solarmodule auf einer 9.290 Quadratmeter großen Dachfläche und folgt auf ihre kürzlich abgeschlossene 2,4 MW(dc) Anlage im Cromwell Shopping Center. Die Installation wird rund 1.000 Haushalte in der Region durch geringere Stromkosten unterstützen.
Das Projekt wurde von Centennial entwickelt, von Halo gebaut, von AccelDev finanziert und wird von Madison Energy Infrastructure betrieben und besessen. Diese Initiative steht im Einklang mit den ESG-Verpflichtungen von Broad Street und den Zielen von Maryland, die lokale Stromerzeugung zu erhöhen, was besonders wichtig ist, da der Bundesstaat derzeit fast 40 % seines Stroms importiert.
- Project will reduce electricity costs for approximately 1,000 homes in the area
- Second successful solar project completion, following a larger 2.4 MW installation at Cromwell Shopping Center
- Potential for increased net operating income through solar installation
- Strategic partnerships with established companies for development, construction, and operation
- None.
The project is designed to reduce the cost of electricity for approximately 1,000 homes in the area, while increasing power production in the
Centennial developed the project, with construction performed by Halo, a solar engineering contractor. The project received financing from AccelDev and will be owned and operated by Madison Energy Infrastructure. Venable served as transactional counsel to Centennial.
"We're thrilled to collaborate again with Centennial and MEI to bring solar energy to Hollinswood Shopping Center," said Michael Jacoby, Chairman and CEO of Broad Street Realty. "These recent solar projects align with our company's commitment to reducing our carbon footprint and implementing ESG-focused initiatives across our properties. Together, we're contributing to
David John Frenkil, Founder and Managing Principal of Centennial: "The rooftop solar project at Hollinswood Shopping Center is the most recent example of how owners of commercial real estate can grow their net operating income while contributing to efforts to lower electricity costs for households and businesses, while increasing energy generation in
Chip Brubaker, President of AccelDev: "The Hollinswood project shows how strategic financing and strong partnerships can provide meaningful benefits for the customers and the communities they serve. AccelDev is proud to support Centennial and Broadstreet in bringing this vision to life once again, and to work with
The Hollinswood Shopping Center project reinforces Broad Street's dedication to deploying innovative, sustainable solutions across its portfolio.
About Broad Street Realty, Inc.
Broad Street Realty, Inc. (OTCQX: BRST) is a fully integrated and self-managed real estate company that owns, operates, develops, and redevelops primarily essential grocery-anchored shopping centers and mixed-use properties located in densely populated technology employment hubs and higher education centers within the Mid-Atlantic, Southeast and
Learn more at www.BroadStreetRealty.com and on LinkedIn.
About Centennial
Founded in 2014, Centennial is an energy development company focused on delivering power projects at commercial real estate and industrial properties. Centennial's portfolio of operating and contracted assets includes both on-site and front of the meter energy assets. Customers include Fortune 500 companies, publicly traded REITs, and other commercial and industrial property owners.
Learn more at www.CentennialGen.com and on LinkedIn.
About AccelDev
AccelDev is a premier renewable energy investment firm specializing in flexible capital solutions for innovative and under-served developers. Accel-Dev's goal is to partner and support entrepreneurs in the renewable space who see the long-term value in their projects and platforms. The venture is backed by Madison Energy Infrastructure.
Learn more at acceldevteam.com and madisonei.com.
Media Contact: media@centennialgen.com
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SOURCE Centennial
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