The development kicked off with a 343,000-sf multi-tenant specfacility set for completion this spring, but it is two buildingswith more than one million sf each that hold the promise forsignificant future revenue enhancement, according to John Morgan,AMB vice president, development, east region, and Steven Campbell,senior vice president and director of environmental and developmentservices. The potential source of revenue is solar power.

"Many of our buildings have a million sf of roof area or more,"notes Morgan. "You need about one megawatt of power to run thatbuilding. That translates to about 100,000 sf of photovoltaiccells, which means you have 900,000 sf remaining where you couldgenerate another nine megawatts of power."

Theoretically, says Morgan, a building owner could sell theexcess power back to the local utility company, but currently thereare obstacles to doing so. The more serious obstacle is aregulatory environment, which varies somewhat from state to state,that limits the amount of energy that can be returned to theutility grid for compensation.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.