BEACHWOOD, Ohio, Sept. 23 /PRNewswire/ -- Developers Diversified
Realty Corporation (NYSE: DDR) today announced that the company
will expand its rooftop solar panel program in New Jersey and Colorado.
Seven new arrays are projected to be activated before the end of
the year at two shopping centers in New
Jersey: Wrangleboro Consumer Square and Hamilton Commons in
Mays Landing; and two shopping
centers in Colorado: University Hills
and Centennial Promenade in Denver.
The company's total planned and active arrays in New Jersey and Colorado will encompass over 340,000 square
feet of roof space and will generate more than 2.6 million
kilowatt-hours (kWh) of energy in the first full year of operation.
Over 20 years, the sites will generate approximately 47 million kWh
of energy, enough energy to power more than 4,000 homes for one
year.
Developers Diversified entered into a partnership last year with
solar energy services provider, SunEdison, for the rights to deploy
solar energy systems at over 200 shopping centers throughout
the United States.
"SunEdison is proud of our partnership with Developers
Diversified," said Jaime A. Smith,
Vice President of Sales for SunEdison. "We look forward to the
continued development and deployment of the solar program."
The company currently has eight active solar arrays at Hamilton
Marketplace in Hamilton, New
Jersey; Nassau Park Pavilion in Princeton, New Jersey; and Route 22 Retail
Shopping Center in Union, New
Jersey.
About Developers Diversified Realty
Developers Diversified owns and manages approximately 620 retail
operating and development properties in 42 states, Brazil, Canada and Puerto
Rico. Totaling more than 136 million square feet, the
Company's shopping center portfolio features open-air,
value-oriented neighborhood and community centers, mixed-use
centers and lifestyle centers located in prime markets with stable
populations and high-growth potential. Developers Diversified is
the largest landlord in Puerto
Rico and owns a premier portfolio of regional malls in and
around Sao Paulo, Brazil.
Developers Diversified is a self-administered and self-managed REIT
operating as a fully integrated real estate company. Additional
information about the Company is available on the Company's website
at www.ddr.com.
SOURCE Developers Diversified Realty Corporation
Copyright . 23 PR Newswire