Landmark Dividend Announces Land Acquisitions Underlying 238 MW of Renewable Energy Projects
In the fourth quarter of 2015, Landmark Dividend finalized the acquisition of approximately 3,500 acres of real estate interests underlying 12 utility-scale renewable energy projects. These sale-leaseback transactions involved nine solar farms, one wind farm, and two battery storage facilities, totaling 238 MW of energy generation capacity.
“We are excited about the scope of our acquisitions in the fourth quarter,” said Senior Vice President Alex Stone, who led the transactions. “We have made a concerted effort to expand our renewable energy investments, and we look forward to continued partnerships with developers and project owners as they expand their businesses.”
Landmark Dividend works closely with its renewable energy partners to provide custom-tailored real estate solutions. As a partner from project concept through development, Landmark provides exceptional value to clients with its ground leasing expertise and operational discipline, resulting in transactions that close quickly and smoothly.
“Landmark Dividend sees the long term renewal of the production and investment tax credits by Congress in December 2015 as a significant boost to the renewable energy industry,” said Bruce Rosen, Executive Vice President of Global Sales and Marketing at Landmark Dividend. “One of the most notable benefits of the ITC and PTC long term extension is they provide a bridge for renewable energy expansion between now and the first set of state compliance deadlines for the EPA’s Clean Power Plan in 2022.”
Landmark Dividend LLC is an infrastructure-focused real estate investor that helps fund infrastructure in both domestic and global markets, including utility-scale renewable energy projects.