April 26, 2024 4:00 pm
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Land demand exceeds inventory for solar developers

(Disclosure: Rose Law Group represents Vermaland.)

By AZRE | AZBigMedia

Vermaland, a leading Phoenix-based land banking and development company, announced today multiple solar land lease deals that illustrate an interesting trend that is occurring in Arizona.

Earlier this year, Vermaland leased over 2,000 acres of land in Gila Bend, Ariz. to a solar developer. That transaction was followed by a similar lease for 1,600 acres in Hyder, Ariz. and another 900-acre deal in Harquahala Valley, both for solar projects. This is all in addition to another 1,000 acres that Vermaland already had under lease with solar companies.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.