Altus Power Constructing 10.5-MW Solar for New Jersey Warehouse Complex
Three new and massive industrial park warehouses in New Jersey are going to generate 10.5 MW in on-site community solar in the near future through a new agreement with renewable energy developer Altus Power.
Altus Power will construct the solar arrays on three logistic buildings within the Arsenal Trade Center development in Sayreville. The overall industrial park layout covers more than 1.1 million square feet and is being developed by Trammell Crow Co. (TCC) and CBRE Investment Management.
Upon completion, the benefits of the clean electric power generated from the solar array will be made available to CBRE IM tenants and local New Jersey residents through the Altus Power Community Solar program, part of the New Jersey Community Solar Energy Program. The clean electric power is expected to benefit up to 1,800 households.
“CBRE IM and TCC’s intent in developing Arsenal Trade Center was to meet the demand for modern logistics space while providing valuable economic development to the area,” said Jesse Harty, Head of Logistics for Americas Direct Real Estate at CBRE IM, in a statement. “We also understand that users that want to occupy these next-generation assets are more likely to demand access to lower-cost, renewable energy to support their business operations.”
Community solar offers a nearby and affordable subscription alternative to local electricity consumers who want to support clean energy within their region. It is less expensive upfront than residential rooftop solar, and considered more direct than larger utility-scale renewable projects.
The Arsenal Trade Center project also is developing energy efficiency technologies to reduce carbon emissions. The U.S. Green Building Council earlier this year awarded the project its LEED BD+C Gold certification for warehouses and distribution centers. LEED is the acronym for the Green Building Council’s federally recognized Leadership in Energy and Environmental Design.
One of Arsenal Trade Center’s major tenants is JW Fulfillment Inc., which is leasing a 342,000-square-foot warehouse at the complex.