Solar Energy: Real Estate's Untapped Revenue Stream
Developers Diversified announced today a program with solar energy giant SunEdison. This new program allows for SunEdison to install solar panels on the rooftops of Developers Diversified retail properties (i.e. malls). Both Developers Diversified and their tenants can purchase the solar energy at discounted rates. However, the best part of this program is Developers Diversifed incremental revenue by renting the unused rooftop space to SunEdison.
We should see more REITs explore options like this that benefit busienss and the planet. This is just one more example of how Real Estate is limited and has enormous long-term untapped value.
Visit Developers Diversified website for more information.
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Jan.07.2009. 17:11
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