STAG Industrial Completes Three New Rooftop Community Solar Projects in NJ

STAG Industrial, Inc. announced the completion of three NJ community solar projects hosted on its rooftops. The 2.7 megawatts (MW) of installed capacity are part of New Jersey's community solar program that provides low-cost renewable energy to local residents. 

The projects were built in the second year of the New Jersey Community Solar Pilot Program, and at least 50% of the offtake will go to low- and moderate-income residents who will receive a discount on their electricity. Developed by Dimension Energy and facilitated by Black Bear Energy, the systems will generate over 3.4 million kilowatt-hours of electricity annually - the equivalent of powering the electric use of nearly 500 homes. 

"We continue to leverage our portfolio by hosting solar wherever possible, and the New Jersey market provides a fantastic opportunity for us to do just that. In this case, it's the first time we've built solar under a program that requires greater than 50% of the offtake go to qualified low- and moderate-income homes. It's encouraging to know the local grid is greener, and local residents are achieving much needed savings on their electric bills, thanks in part to the renewable energy generated by the solar systems on our roofs," said Brian LaMont, Senior Vice President, Head of Development & ESG.

"We are thrilled that all three of STAG's latest submissions to the New Jersey Community solar program were awarded and are now energized. The New Jersey Community solar program is one of the best in the country when it comes to prioritizing rooftops and brownfields, and ensuring low and moderate income off-takers benefit from the program. It takes great partners to get through the many hurdles necessary to ultimately energize these projects, and we are honored to have partnered with STAG and Dimension in bringing new local renewable energy online," said Drew Torbin, Black Bear's President.

"We are proud to energize three facilities with STAG as part of Dimension's leading New Jersey community solar portfolio," said Bryan Bentrott, Vice President/Origination, Dimension Renewable Energy. "STAG and Black Bear share Dimension's commitment to responsible, community-driven development. We value their partnership as we bring solar energy access to all New Jersey residents and work to train the next generation of solar professionals through our workforce development initiatives."