ProLogis Signs Second U.S. Roof Lease for Solar Power

An Oregon utility company will install a 1.1 megawatt photovoltaic power generation system on three industrial roofs it has leased in Portland from distribution center provider ProLogis. In the second deal of its kind this year by ProLogis (NYSE: PLD), the company is moving toward a goal of covering 65 million sq. ft. of commercial buildings with solar panels in the next five years.

Article Tools

Latest News

More Latest News

“ProLogis is committed to implementing enough renewable energy systems to obtain a combined generation capacity of over 25 million kilowatt hours per year by 2010,” says Jack Rizzo, ProLogis’ managing director of global construction. “This project will certainly help us achieve that goal.”

Portland General Electric (NYSE: POR), an electric utility that serves approximately 813,000 residential, commercial and industrial customers in Oregon, has leased the roof of a 246,000 sq. ft. distribution center at ProLogis Park PDX for the bulk of the solar installation. Known as Building 4, the structure in northeast Portland will provide a platform for panels generating 534 kilowatts.

The remaining 574 kilowatts in panels will top two distribution centers in the nearby ProLogis Park PDX Corporate Center East. All generated power will feed directly into Portland General Electric’s existing electrical grid.

The project is expected to reach completion by the end of this year and will constitute the largest photovoltaic installation in the Pacific Northwest. Each site will consist of building-integrated, thin-film solar material, which is lighter and requires less structural support than traditional crystalline solar panels. The service provider chosen to integrate and install the system, Solar Integrated Technologies, has worked with ProLogis on solar energy systems in both France and Spain.

In April this year, ProLogis launched its ambitious solar-cell program with the lease of 607,000 sq. ft. of roof space atop Kaiser Distribution Park in Fontana, Calif., to power provider Southern California Edison. That 2.4 megawatt project generates enough electricity to power 1,426 homes.

ProLogis now has approximately six megawatts of photovoltaic projects installed or under development globally. In Europe, ProLogis has solar installations in France, Spain and Germany. In addition, the company has completed three wind turbine installations in Japan for a total of 68 kilowatts.

Energy Trust of Oregon Inc., a nonprofit organization dedicated to promoting energy efficiency and clean renewable energy, is providing $1 million in incentives to help fund the project. US Bank and Portland General Electric have formed SunWay 2 LLC to own and operate the system and to secure state and federal solar tax credits to help finance the project.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

New York's Star Deals

http://nreionline.com/images/nyc_big_deals_homepage_thumb.jpgThe city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-

Videos

NREI TV at the MBA CREF 2012 Conference

http://nreionline.com/video/mba2012_david_thumbnail.jpgCheck out these videos of NREI Editorial Director David Bodamer speaking with industry experts from Atlanta.

 

Click here to view more videos.


Blogs


http://nreionline.com/blog/schein_blog_headshot.jpg

Real Vox

Traffic Court

The Full Nelson

Events

Strategic Real Estate Investment Conference

Date: Thursday, June 7, 2012
Time: 7:45AM-6:00PM
Place: 1290 Avenue of the America, 5th Floor
What: A full-day event exploring portfolio diversification through opportunistic and alternative investments....

Click here to view more events...

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

http://nreionline.com/april2012_cover.jpg

NREI Newsletters



Retail Traffic Newsletters

View NREI Newsletters

NREI Newsline
NREI Seniors Housing Finance and Development
NREI The Green Sheet
NREI Institutional Outlook
NREI Distressed Real Estate Strategies
NREI Daily/Central
NREI Daily/New York
NREI Daily/New Jersey
NREI Weekender
NREI Global Real Estate Monitor
REIT Insider
Retail Traffic Online
The Site Optimizer

Join the Conversation