By Real Estate Daily News
PHOENIX, ARIZONA – Vermaland, a leading Phoenix-based land banking and residential land development company is leading the way in solar power development throughout the Valley and announced that as of today, the company has development contracts on 16 solar farm sites with several solar power developers, totaling nearly 10,000 acres.
Since 2007, Vermaland has been aggressively marketing their properties to solar power developers.
“Our search for land throughout Western Arizona is an active and persistent endeavor, as our sites have made so much rapid progress in recent years,” said Kuldip Verma, founder and CEO of Vermaland. “Once completed, the projects will produce approximately 2,000 megawatts of electrical power, the equivalent to providing electricity to 400,000 homes. We have plans to double this capacity over the next few years.”
Verma and his team recently completed five different deals in the West Valley and Southeast Valley. Each deal ranges from 700 to 3,000 acres in size. In addition to these solar deals, Vermaland is actively searching for land totaling 320 acres or more, however, in their search, they are noticing the decline in available land.