Kimco Realty Corp. has initiated five new solar projects in the East Coast of the United States.
Four of the projects will be installed at Kimco properties in the New York metropolitan region. The fifth is in Massachusetts at Hyannis Shopping Center.
The projects will result in 3.7 megawatts of solar, enough to power more than 600 homes per year.
All five projects were facilitated through Kimco’s partnership with Black Bear Energy and were developed at the beginning of 2020 by Green Street Power Partners.
“These new installations will double the size of rooftop solar within our portfolio while adding clean energy into the local power mix in the communities these properties serve,” said Conor Flynn, CEO of Kimco Realty. “We pioneered retail property rooftop solar with our first installation in 2009, and we continue to explore ways to responsibly expand this program that will benefit our shareholders and the communities in which we operate.”