New Energy Equity completes development of 14 Public Storage projects in Minnesota

Core Insights - New Energy Equity has successfully completed 14 solar projects for Public Storage in Minnesota, marking a significant step in Public Storage's goal to install solar on over 1,300 properties by 2025 [1][2] - The completed projects have a combined installed capacity of 2.28 MW, including a notable 0.35 MW solar array at the Como St. Paul facility, which is the second largest rooftop solar array in Public Storage's national portfolio [2][3] - These solar installations are expected to generate approximately 2,750 MWh of electricity annually, equivalent to powering 379 homes for one year [3] Company Overview - New Energy Equity, a subsidiary of ALLETE, specializes in developing, financing, and managing solar power generation assets, having developed over 500 megawatts of solar projects and closed more than $1.2 billion in clean energy investments [5] - Public Storage is a member of the S&P 500 and operates self-storage facilities across the United States and Europe, with interests in 3,049 facilities and a significant equity interest in Shurgard Self Storage Limited [6]