Developing Rooftops for Solar Power |
2 Comments |
| By Matt Mayer in Solar | April 15, 2009 | |
It has come to my attention recently that the real estate trust Prologis is developing the rooftops of their existing buildings by contracting to lease the space to power companies to install solar panels.
From the press release:
Headquartered in Denver, Colo., as a manager and developer of real estate, ProLogis is actively seeking out electric utilities to lease out its rooftops as a way to earn extra income with no capital investment, while meeting the company’s goal of contributing to global sustainability.
As a real estate investment trust, ProLogis isn’t interested in owning the solar installations, but rather in engaging utilities as a renter of its space. Utilities make solid tenants that will enter long-term leases, as most power-purchase agreements for solar power generation are for 15 to 20 years.
ProLogis manages more than five hundred million square feet of industrial space and they are putting all of it to good use on three continents. Actually, ProLogis owns more rooftops than anyone in the world – they have available space in twenty-four countries across the globe. The amount of space is equivalent to approximately 10,000 football fields.
Now, I’m not willing to give them a free pass on the development aspect of continually developing new buildings on virgin land, but putting solar panels on their roof tops to feed the grids sure makes good use of a resource that is normally ignored. I would bet that they probably help insulate the roofs even, which can only be good.
Company’s sustainability site.
Picture courtesy of Organic Picks
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Ann Monroe said,
Actually, Prologis builds most of its buildings on brownfields, as I reported on MSN Money a while back: http://finance.sympatico.msn.ca/Investing/Stocks/Article.aspx?cp-documentid=8564232
Here’s some more from a Trillium Asset Management report ((http://trilliuminvest.com/news-articles-category/companyprofile-news-articles/prologis-nyse-pld/):
Through its acquisition of Catellus (2005), PLD has gained an expertise in developing mixed-use projects on land requiring ecological cleanup. ProLogis develops urban infill, brownfield sites, old military bases, and industrial sites. It focuses on sustainable design features, open space, access to transportation, and LEED certification.
In December of 2007, PLD was named the UK’s “Best Overall Green Business of the Year”
michael laucella said,
here are my rooftops which are available for lease
mike laucella
347-231-5236
407 east 174th street
3 story commercial building on side of cross bronx expressway
429 east 157th street
5 story walkup apt building
1801 carter avenue
two story commercial building, on side of cross bronx expressway
400 barretto street
3 story commercial building, corner property
1021 Jennings Street,Bronx, N.Y.
3 story commercial property, corner property, and on side of Sheridan Expressway
403 Concorde Avenue, Bronx, N.Y.
3 story commercial property, corner property
475 Amsterdam Avenue, N.Y., N.Y.
9 story commercial building 5000 squ ft rooftop
139 Franklin Street, N.Y. N.Y.
10 story commercial building, 5000 squf ft rooftop
491 Bergen Street, Brooklyn, N.Y.
9 story building, 11,000 sq ft rooftop
1758-1764 webster avenue, Bronx, N.Y
3 story
415 Concorde Avenue, Bronx, N.Y.
3 story, 10,000 sq ft rooftop
673 Dawson Street, Bronx, N.Y. 10455
6 story building(middle of the block) tallest building on the block
603 West 185th Street, N.Y., N.Y. 10013
5 story building(middle of the block)
602 East 139th Street, Bronx, N.Y. 10454
5 story building(middle of the block)
361 East 178th Street, Bronx, N.Y. 10457
4 story building( corner building)
993 Summit Avenue, Bronx, N.Y. 10457
4 story building on top of hill (near yankee stadium, highest building in that neighborhood, overlooking major deegan expressway)
4415 3rd Avenue, Bronx, N.Y. 10457
3 story building (middle of the block)(large rooftop, very long)
773-781 East 169th street, Bronx, N.Y. 10456
2 story building building(middle of the block) extremely large rooftop, rooftop is long.
1330 Chisholm Street, Bronx, N.Y. 10456
3 story building(middle of the block)