News: Connecticut

Lendlease completes sale of renewable energy solar project to NextEra Energy Resources

Wallingford, CT Lendlease, a leading international property and infrastructure group, has completed the sale of the 16-megawatt renewable energy solar project to a subsidiary of NextEra Energy Resources. The solar project is located in town, with a portion of the project to be built on a landfill. The project has 20-year power purchase agreements in place with two Connecticut utilities, Eversource Energy and The United Illuminating Co. Construction of the project is expected to be completed later this year.

“This project is unique and complex, but it demonstrates our commitment to developing quality, utility-scale solar projects that meet the individual needs of our customers,” said Craig Carson, general manager of Lendlease Energy Development. “We’re proud to partner with NextEra Energy Resources on this project to see it through the next phases of the project’s lifecycle.”  

“Brownfield development is always gratifying as it’s a great use of resources, bringing new life to otherwise unusable land,” said Matt Ulman, vice president of Distributed Generation for NextEra Energy Resources. “NextEra Energy Resources is pleased to have worked with Lendlease on the Wallingford solar project, which provides Connecticut with a source of clean, renewable energy and community tax benefits on brownfield land that previously offered only maintenance costs.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Quick Hits
STAY INFORMED FOR $9.99/Mo.
NEREJ PRINT EDITION
Stay Informed
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Newsletter
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI

Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents<br> the First Annual Project of the Year Award! Vote today!

The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!

The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein

Investing in a falling rate environment - by Harrison Klein

Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins

The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary