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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