Last week, Hoosier Solar Holdings, LLC, an Indiana-based energy company, announced plans to develop solar power facilities in the areas of opportunity in Indiana. Hoosier Solar plans to engage local school groups and universities by providing professional training and research opportunities to Indiana students. With development scheduled to be completed by 2023, these solar power plants will have the potential to generate over 1,600 megawatts, enough to power 285,000 homes.
Additionally, in case you missed it, last week the Economic Innovation Group released “First Year’s Assessment of the Scale and Scope of Opportunity Zones,” a breakdown of the success stories of the first year. areas of opportunity. You can read the full blog post here.
You read Jill Homan’s Opportunity Zone Outlook newsletter, a weekly summary of OZ news. Click here to sign up for Jill’s newsletter and have these updates delivered straight to your inbox every weekend.
Hoosier Solar Holdings, LLC Developing Solar Power Facilities in Indiana Opportunity Zones
Hoosier Solar Holdings, an Indiana-based energy company, is currently developing solar power installations in Indiana’s opportunity areas. Currently, several solar energy and battery storage projects are underway that could generate over 1,600 megawatts, enough to power 285,000 homes. They expect many of these developments to be operational by 2023.
“Indiana has a unique opportunity to leverage solar power and battery storage technology to deliver reliable, low-cost power to meet the needs of residential and industrial customers,” said Paul Mitchell, CEO Energy Systems Network, an Indianapolis company. Hoosier Solar based partner. “Most importantly, we can attract investment capital to support development in economically struggling rural communities that have been designated as areas of opportunity by Governor Eric Holcomb. Hoosier Solar also plans to involve local school groups and universities by providing professional training and research opportunities to Indiana students.
Construction Underway for 4,300-Acre Victory Logistics District in Nevada Opportunity Zone
A little less than two years after the project was announced, construction is officially underway for the Victory Logistics District located in an area of opportunity in northern Nevada. The 4,300-acre industrial complex is expected to meet growing needs for logistics and manufacturing distribution, data centers and cold storage facilities. The first development of the project will be an 815,000 square foot distribution center. Construction is expected to be completed in the first quarter of 2022.
“The Victory Logistics District will be the region’s pent-up demand relief valve, enabling northern Nevada to continue to develop its industrial footprint and national reputation as a major distribution center in the west,” said Evan Slavik, president of Real Succession for Mark IV Capital. “The rapidly growing northern Nevada region offers immense economic benefits to our tenants, their employees and our investors. Additionally, our project location isolates traffic and construction impacts from Fernley residents, while helping to create thousands of quality jobs in the area.
Belpointe Public Real Estate Partnership Soon To Be Traded On the NYSE
Belpointe REIT (OTCQX: BELP) will soon be merged with Belpointe PREP, which has been approved for listing on the New York Stock Exchange (NYSE: OZ). The new structure will offer investors a number of advantages, including the liquidity of being listed on a national stock exchange while being able to take advantage of the pass-through depreciation deductions generally available only in partnership structures. private.
Publicly traded partnerships are currently used by other companies, like Oaktree and KKR, and have been used by companies like Blackstone before.