Landmark Solar Power Purchase Agreement Between REIT and National Retailers
NORTH BRUNSWICK, N.J., Aug. 10 /PRNewswire/ -- Kimco Realty Corporation (NYSE: KIM) and American Capital Energy (ACE) recently announced the completion of a 800kW photovoltaic (PV) solar rooftop array at Kimco's North Brunswick Plaza located on Route 1 in North Brunswick, NJ. This completed project marks the first of three solar energy projects with Kimco and ACE.
Kimco through its wholly owned subsidiary, Center Sun LLC (Center Sun), has initiated a renewable energy program to develop, own and operate commercial grade rooftop solar systems at select Kimco-owned shopping centers. Center Sun generates income through the contractual sale of solar electricity to its retail tenants and selling solar renewable energy credits (SRECs) to third party compliance and voluntary market buyers."
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