Phoenix-based land banking and residential land development company brings 100 mega solar power producers to the state.
PHOENIX, July 24, 2023 /PRNewswire-PRWeb/ -- Vermaland, a leading Phoenix-based land banking and residential land development company, has emerged as a trailblazer in promoting sustainable living and advocating for renewable energy projects in Metro Phoenix. With its diverse land offerings for residential, commercial, agricultural, industrial, solar farms, and other renewable projects, Vermaland has established itself as a pivotal player in the real estate industry. Kate Gallego, Mayor of the City of Phoenix, proclaimed July 5, 2023, as Vermaland Recognition Day to recognize their impact on the community.
"The City of Phoenix recognizes Vermaland's exceptional contributions and their vital role in achieving sustainability targets," said Mayor Kate Gallego. "This proclamation reflects the company's unwavering dedication to promoting renewable energy, advocating for sustainable development, and making a positive impact on the local community. Their endeavors contribute to the economic growth, environmental preservation, and overall well-being of the Valley."
Since its founding in 2006, Vermaland has acquired an impressive portfolio, currently owning more than 25,000 acres of land. This vast holding constitutes the largest collection of 50 to 1,200-acre parcels in Metro Phoenix. Such substantial land holdings enable Vermaland to provide diverse options for development, meeting the needs of one of the fastest-growing cities and its population.
The company has also attracted approximately 100 large solar power producers from all over the world to Arizona.
"We currently oversee development contracts on 16 solar farm sites with multiple solar power developers, totaling more than 10,000 acres," says Jennifer Verma, COO of Vermaland. "Collaborating with several solar power developers, these sites are poised to generate a substantial amount of clean and renewable energy for the region. Upon completion of the ongoing projects, it is estimated that these facilities alone will produce an additional 2,000 megawatts of electrical power that can power 400,000 homes."
This, along with the many other companies brought to the Valley, is creating a shortage of large parcels of land.
"We are humbled and honored to receive this recognition from Mayor Kate Gallego and the City of Phoenix," says Kuldip Verma, founder of Vermaland. "Arizona's unrivaled solar potential has proven to be a powerful magnet for the world's solar power pioneers. Despite the challenge of land availability, we remain dedicated to finding innovative solutions while continuing to drive progress toward a greener, brighter future for all."
For more information about Vermaland, please visit https://vermaland.com.
ABOUT VERMALAND
Founded in 2006 by Kuldip Verma, Vermaland is a land banking and land development company based in Phoenix. They currently have the largest holdings of 50 to 1,200-acre parcels in Metro Phoenix. Vermaland offers land options for residential, commercial, agricultural, industrial, solar, and other renewable projects. Verma and his team have also donated $24 million in land and cash to the Vermaland Charity Foundation.
Media Contact
Lisa Sass, Serendipit Consulting, 6022835209, [email protected]
SOURCE Vermaland
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