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Broad Street Realty, Centennial and MEI Inaugurate 2.4 MW Rooftop Solar Project at Retail Center in Anne Arundel County

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Broad Street Realty has launched a 2.4 MW rooftop solar project at its Cromwell Shopping Center in Glen Burnie, Maryland. The 233,000 square foot retail center, anchored by AutoZone and Roses, features 4,380 solar panels capable of powering over 1,000 homes in BG&E's Maryland service territory. The project was developed by Centennial Generating Company, built by Halo, and will be operated by Madison Energy Infrastructure, with AccelDev providing development capital financing. This initiative demonstrates Broad Street's commitment to reducing emissions and advancing their ESG goals through sustainable energy solutions.

Broad Street Realty ha lanciato un progetto solare da 2,4 MW sul tetto del suo Cromwell Shopping Center a Glen Burnie, Maryland. Il centro commerciale di 21.650 metri quadrati, ancorato da AutoZone e Roses, è dotato di 4.380 pannelli solari capaci di alimentare oltre 1.000 abitazioni nel territorio di servizio del BG&E del Maryland. Il progetto è stato sviluppato da Centennial Generating Company, costruito da Halo e sarà gestito da Madison Energy Infrastructure, con AccelDev che fornisce il finanziamento per lo sviluppo del capitale. Questa iniziativa dimostra l'impegno di Broad Street nella riduzione delle emissioni e nel raggiungimento dei loro obiettivi ESG attraverso soluzioni energetiche sostenibili.

Broad Street Realty ha lanzado un proyecto solar en la azotea de 2,4 MW en su Cromwell Shopping Center en Glen Burnie, Maryland. El centro comercial de 21,650 pies cuadrados, anclado por AutoZone y Roses, cuenta con 4,380 paneles solares capaces de alimentar a más de 1,000 hogares en el territorio de servicio de BG&E en Maryland. El proyecto fue desarrollado por Centennial Generating Company, construido por Halo y será operado por Madison Energy Infrastructure, con AccelDev proporcionando financiamiento de capital para el desarrollo. Esta iniciativa demuestra el compromiso de Broad Street de reducir las emisiones y avanzar en sus objetivos ESG a través de soluciones de energía sostenible.

브로드 스트리트 리얼티는 메릴랜드 글렌 버니에 있는 크롬웰 쇼핑 센터에 2.4 메가와트 태양광 프로젝트를 시작했습니다. AutoZone과 Roses가 입점한 이 21,650 제곱미터 소매 센터는 4,380개의 태양광 패널을 갖추고 있어 BG&E의 메릴랜드 서비스 지역에서 1,000개 이상의 가정을 전력 공급할 수 있습니다. 이 프로젝트는 Centennial Generating Company에 의해 개발되고, Halo에 의해 건설되었으며, Madison Energy Infrastructure에 의해 운영될 예정이며, AccelDev가 개발 자본 금융을 제공합니다. 이 이니셔티브는 브로드 스트리트가 배출량 감소와 지속 가능한 에너지 솔루션을 통한 ESG 목표 추진에 대한 의지를 보여줍니다.

Broad Street Realty a lancé un projet solaire de 2,4 MW sur le toit de son Cromwell Shopping Center à Glen Burnie, Maryland. Ce centre commercial de 21 650 pieds carrés, ancré par AutoZone et Roses, dispose de 4 380 panneaux solaires capables d'alimenter plus de 1 000 foyers dans le territoire de service de BG&E dans le Maryland. Le projet a été développé par Centennial Generating Company, construit par Halo et sera exploité par Madison Energy Infrastructure, avec AccelDev fournissant le financement du capital de développement. Cette initiative démontre l'engagement de Broad Street à réduire les émissions et à faire avancer ses objectifs ESG grâce à des solutions énergétiques durables.

Broad Street Realty hat ein 2,4 MW Solarkraftwerk auf dem Dach seines Cromwell Shopping Centers in Glen Burnie, Maryland, gestartet. Das 21.650 Quadratfuß große Einkaufszentrum, das von AutoZone und Roses angeführt wird, verfügt über 4.380 Solarzellen, die in der Lage sind, über 1.000 Haushalte im Versorgungsgebiet von BG&E in Maryland mit Strom zu versorgen. Das Projekt wurde von Centennial Generating Company entwickelt, von Halo gebaut und wird von Madison Energy Infrastructure betrieben, wobei AccelDev die Entwicklungskapitalfinanzierung bereitstellt. Diese Initiative zeigt das Engagement von Broad Street, die Emissionen zu reduzieren und ihre ESG-Ziele durch nachhaltige Energielösungen voranzutreiben.

Positive
  • Installation of 2.4 MW solar system capable of powering 1,000+ homes
  • Potential for reduced operating costs through clean energy generation
  • Enhancement of property value through sustainable infrastructure
Negative
  • None.

GLEN BURNIE, Md., Nov. 1, 2024 /PRNewswire/ -- Broad Street Realty inaugurated a 2.4 MW(dc) rooftop solar project at its Cromwell Shopping Center in Glen Burnie, Maryland.  The 233,000 square foot shopping center anchored by an AutoZone mega hub and a Roses is hosting the solar project, which produces enough electricity to power over 1,000 homes in BG&E service territory in Maryland. The ballasted racking system is covered by 4,380 solar panels.

Centennial Generating Company developed the project, which was built by Halo, a solar engineering contractor, and AccelDev served as development capital financing. The project will be owned and operated by Madison Energy Infrastructure.

Michael Jacoby, Broad Street Chairman and CEO: "The net-zero transition requires deep collaboration across value chains. We are excited to be partnering with Centennial and MEI to decarbonize the Cromwell Shopping Center, advancing our goal to reduce emissions throughout Broad Street's portfolio supporting our ESG initiatives."

David John Frenkil, Founder and Managing Principal of Centennial: "Centennial is proud to work with companies like Broad Street that are committed to reducing carbon emissions. The solar project at Cromwell Shopping Center demonstrates how commercial real estate owners can implement solar projects with a clear and measurable benefit to their bottom line while achieving sustainability targets."

Richard Walsh, CEO of Madison: "We're committed to delivering long-term value to our partners and customers with projects like these. They are proof positive of the significant impact on creating grid resilience and affordable clean energy. State incentive programs, when utilized thoughtfully by landlords like Broad Street and executed by developers like Centennial, can accelerate both community benefits and the national clean energy transition. We're proud to contribute to this progress."

The solar project at the Cromwell Shopping Center is one example of Broad Street's commitment to decarbonize the company's footprint in line with the most advanced technologies.

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 Colorado markets. Broad Street is also a market-leading commercial real estate services firm that delivers cost-effective solutions for office, industrial and retail clients.

Learn more at www.BroadStreetRealty.com and on LinkedIn

About Centennial

Founded in 2014, Centennial is an energy development company with a focus on commercial real estate and industrial properties. Centennial's portfolio of operating and contracted assets represents a mix of investment-grade offtake and community solar projects located in the Mid-Atlantic, Northeast and Texas. Customers include Fortune 500 companies, publicly traded REITs, and other leading owners of commercial and industrial facilities.

Learn more at www.CentennialGen.com and on LinkedIn.

About Madison Enery Infrastructure
Madison Energy Infrastructure is a leading clean energy partner committed to delivering sustainable results with certainty, speed, and trust. Our robust portfolio—comprised of over half a gigawatt of clean energy infrastructure assets across more than 25 states—is bolstered by the strength of our globally renowned investors and capital partners. We offer a comprehensive suite of services from project development and engineering to construction, financing, and long-term asset management. What sets us apart is our team's commitment to addressing complex challenges and making the transition to clean energy simple, efficient, and profitable. With a proven track record of successfully executing hundreds of projects, we are unwaveringly focused on exceeding expectations and achieving meaningful results for our partners and customers.

Learn more at www.MadisonEI.com and on LinkedIn

CONTACT: Media@CentennialGen.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/broad-street-realty-centennial-and-mei-inaugurate-2-4-mw-rooftop-solar-project-at-retail-center-in-anne-arundel-county-302293592.html

SOURCE Centennial

FAQ

What is the capacity of Broad Street Realty's (BRST) new solar project at Cromwell Shopping Center?

The solar project has a capacity of 2.4 MW(dc) and consists of 4,380 solar panels.

How many homes can the Broad Street Realty (BRST) Cromwell Shopping Center solar project power?

The solar project can power over 1,000 homes in BG&E's Maryland service territory.

Where is Broad Street Realty's (BRST) new solar installation located?

The solar installation is located at the Cromwell Shopping Center in Glen Burnie, Maryland.

What companies are involved in Broad Street Realty's (BRST) Cromwell solar project?

The project involves Centennial Generating Company as developer, Halo as contractor, AccelDev for financing, and Madison Energy Infrastructure as owner-operator.

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