ProLogis (NYSE: PLD), a global provider of distribution facilities, announced the second phase of its 100-megawatt (MW) solar project with utility Southern California Edison (SCE)(NYSE: EIX) after signing new leases for roof space totaling 4.8 million square feet and a system totaling approximately 25 MW.
As announced in May 2010, ProLogis signed a master agreement with SCE to provide up to 100MW of photovoltaic installations to the utility through its rooftop solar program. Last week, the companies announced they have signed new roof leases for the second tranche of the master agreement that covers 4.8 million square feet of roof space across eight buildings.
"With these projects underway, we have now doubled our global renewable energy portfolio from 25 MW to approximately 50 MW," said Drew Torbin, vice president of renewable energy for ProLogis.
ProLogis’ total partnership with SCE now totals 38 MW of solar energy, which includes installations from the first tranche of this master agreement as well as a pilot project completed in 2008.
As with prior projects between the two companies, SCE will own and operate the system, and all generated power will feed directly into the utility’s electrical system to serve its customers. ProLogis will act as the site host and provide development management services. Construction is expected to commence this fall.
ProLogis now has solar projects installed or under construction on 41 buildings throughout France, Germany, Japan, Spain and the United States, totaling 50 MW of generating capacity.
The ProLogis Renewable Energy group was officially formed in 2009 to procure new business, manage installations and provide development services for renewable energy projects globally. ProLogis has more than 450 million square feet (42 million square meters) of roof space worldwide available for photovoltaic installations.
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