SOLAR MAKES BIG MONEY ON WAREHOUSE ROOFS
Put a Solar Panel on It; How did a warehouse company become one of America’s leaders in renewable energy?
Daniel Gross, January 29, 2016 (Slate)
“…Prologis, which at 97.54 megawatts trails only Walmart in the amount of installed rooftop solar capacity in the U.S…doesn't operate stores, doesn’t fret much about what upscale American consumers think about its energy use, and doesn’t even have much energy use to offset…It’s the world’s largest owner and operator of warehouses…Boasting 700 million square feet of space (about 25 square miles) in 21 countries, it has a market capitalization of more than $20 billion…[and] Prologis has figured out how to turn the ultimate waste of space—the flat roof of a warehouse—into an emissions-reducing, money-producing power plant [by selling the solar energy-generated electricity to the grid]…To date, Prologis has put solar panels on more than 100 buildings around the world, with a combined capacity of 140 megawatts. About 70 percent of its installations are in the U.S. Prologis has planted solar on only about 10 percent of its global footprint, in part because the economics don’t yet make sense everywhere it operates…The company plans to add about 15 megawatts of solar capacity per year through 2020…[and] likely add energy storage to the mix…” click here for more