ProLogis forms Global Renewable Energy Group

September 30, 2009 at 1:40 pm | Posted in News from Members | Leave a comment
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Prologis Sant Boi Aerial rendering online

ProLogis Sant Boi Aerial rendering online

The RoGBC member company ProLogis announced yesterday it has formed a Global Renewable Energy Group to procure new business, manage installations and provide development management services for renewable energy projects globally.

“Even through the challenges of the global recession we are finding more ways to create additional value from existing assets,” said Walt Rakowich, chief executive officer at ProLogis. “We are excited to announce the formation of this group, which will enable us to expand upon the proven success in wind and solar projects we already have demonstrated in five countries across Europe, Asia and North America.”

In addition, ProLogis announced a new, 4.8-megawatt (MW) solar project to be installed on eight of its rooftops at ProLogis Park Sant Boi in Barcelona and ProLogis Park Alcalá in Madrid, Spain. ProLogis completed its first solar installation in France in 2005, and now has solar installations on 20 buildings covering 669,000 square meters of roof space.

“Upon completion of the new project in Spain, we will have more than 11 MW of solar installations on our rooftops, which is enough energy to power more than 1,100 homes per year,” said Jack Rizzo, chief sustainability officer for ProLogis.

ProLogis has signed a lease agreement with Recurrent Energy, a distributed power company and a leading provider of solar energy, for 180,000 square meters of roof space in Spain. Recurrent will use the roof space to host its solar installation, and will sell the energy produced to the local utility company through a feed-in tariff. ProLogis will provide construction management services in addition to receiving roof rental fees. Construction is expected to commence in October 2009.

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