Verogy Announces Completion of REIT Rooftop Solar Systems at New England Tradeport in Windsor, CT
New England Tradeport solar projects to advance clean energy while fighting climate change
Windsor, Conn. – October 11th, 2024 – Verogy, a West Hartford, CT-based solar energy developer dedicated to delivering industry-leading renewable energy solutions and services, today announced the completion of two rooftop solar energy projects on buildings owned by INDUS Realty Trust at the New England Tradeport (NETP) in Windsor, CT. Installed on the rooftops of 110 and 220 Tradeport, the solar arrays’ 2,560 solar modules will provide a reliable source of clean energy and contribute to the state’s decarbonization efforts for the next 20 years.
“The installation of these rooftop solar arrays aligns with INDUS Realty Trust’s sustainability initiatives, including making a positive impact on the communities in which INDUS operates,” said William Herchel, CEO of Verogy. ” INDUS Realty Trust is setting a strong example of how renewable energy can deliver both economic and environmental benefits.”
NETP is a 4.3 million sq. ft. business park developed by INDUS Realty Trust. In addition to providing easy access to Bradley International Airport and the I-91, 1-84 and I-90 corridors, NETP is also part of a federally approved Foreign Trade Zone (FTZ #71) and the Airport Development Zone which offer significant incentives to qualified tenants. INDUS is committed to enhancing its portfolio with eco-friendly practices such as solar installations and energy-efficient upgrades.
110 Tradeport
“We are thrilled to celebrate the completion of the solar installations at 110 and 220 Tradeport,” said Michael Gamzon, President and Chief Executive Officer of INDUS Realty Trust. “These projects mark a major step forward in our commitment to increasing our portfolio’s environmental sustainability. This achievement would not have been possible without the hard work by members of our team, as well as the dedicated professionals at Verogy and Titan Energy.”
Combined, the projects at 110 and 220 Tradeport will produce 1,669,300 kilowatt-hours (kWh) of clean energy annually, enough to power more than 154 average homes for a year. In addition, on an annual basis, the arrays will offset the equivalent of about 1,166 metric tons of carbon dioxide, equivalent to the amount of emissions generated by 278 gasoline-powered passenger vehicles driven for one year.
INDUS Realty Trust engaged Hartford-based energy consultant Titan Energy to identify and help select Verogy as the solar development company that would build, own, and operate solar arrays at 110 and 220 Tradeport and capture the incentives made available through the Connecticut Non-Residential Energy Solutions (NRES) program. Titan Energy, Verogy, and INDUS Realty Trust worked collaboratively to finalize the projects at 110 and 220 Tradeport which will provide significant financial and environmental value.
“These projects demonstrate the powerful role that solar energy can play in bringing additional revenue to businesses,” said Adam Teff, General Manager of TitanGen, Titan Energy’s renewable energy company. “We are thrilled to have supported INDUS Realty Trust in their journey towards a greener future, furthering their commitment to both environmental responsibility and sustainability.”
