Simon Property Group Get's Their Solar Strategy to Market
Back on January 2nd we posted a blog about Developers Diversified solar efforts. We though this was a great idea since REITs have tons of unused roof space. Based on a press release issued today by Simon Property Group, they beat Developers Diversified to the marketplace with this idea.
The Simon release indicates that they completed the largets solar installation by a mall devloper on December 23rd, and that installation was performed by Element Markets, a Houston-based clean energy provider. The mall manager stated that the installation in Mission Viejo, California was finished in 20 days with no disruption to their shoppers during the Christmas shopping peak times.
We echo our previous kudos to REIT companies for embracing this renewable energy solution for both the planet, the U.S. economy, and for hopefully creating a trend to capture incremental revenue from previously un-utilitzed rooftops.
Read the complete release from Simon Property Group.
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Feb.05.2009. 23:21
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