Renewable energy and discount of carbon footprints are good enterprise with the mixture of chopping energy prices and retaining regulators, prospects, and buyers pleased with pro-green motion.
Blackstone’s firm Legence, which claims to be “maximizing the effectivity of greater than 1 billion sq. ft throughout 5,000+ buildings,” has been on an acquisitions tear. One in every of its properties is Black Bear Vitality, a self-described “a technology-enabled, business purchaser’s consultant specializing in onsite renewable power and cleantech companies.”
The latter has revealed its inaugural actual property photo voltaic leaderboards. Black Bear mentioned that it tracks whole megawattage deployed in addition to asset sorts and can replace its listings on a quarterly foundation.
“The Actual Property Photo voltaic Leaderboards identifies the trade’s main actual property house owners and managers who’ve onsite photo voltaic put in throughout their portfolios,” a press launch mentioned. “Prologis, Lineage, Blackstone, Brookfield Properties Retail, and Hartz Mountain Industries topped the principle inaugural rating with at the least 50MWdc every.”
The corporate went on to say that Prologis was high of the commercial class, not stunning given its general placement as it’s a huge participant in industrial. Brookfield Properties Retail topped retail. Kilroy was the lead amongst workplace house owners, Avalon Bay headed multifamily. Blackstone was primary in a number of classes: information middle; actual property supervisor; and different belongings, which included lodges, RV resorts, and film theaters.
The Prologis put in capability of 217.4 megawatts was far and away the most important of any property proprietor included within the research. The following 4 out of the highest 5 have been Lineage Logistics (108.2 MW), Blackstone (98.6 MW), Brookfield Properties Retail (59.5 MW), and Hartz Mountain Industries (49.8 MW).
The set up numbers fall shortly after that. The underside 5 within the high 20 have been Digital Realty (4.3 MW), USAA (2.5 MW), UBS (2.4 MW), AEW (2.1 MW), and Fairness Life-style Properties (1.8 MW).
The listing, whereas attention-grabbing, is probably not statistically consultant because it consists of solely publicly introduced installations or these “accessible by the general public area and/or the SEIA Photo voltaic Means Enterprise 2022 Report, or offers facilitated by Black Bear Vitality.” The report does invite property house owners or managers to submit information they suppose ought to be included.
“The true property trade has an incredible alternative to make an affect within the power transition, as REITs and managers personal giant portfolios of buildings, parking garages and parking tons that may host photo voltaic in areas the place distributed renewables are wanted most – the distribution degree grid the place electrical energy demand is excessive,” Victoria Stulgis, senior vice chairman of shopper operations at Black Bear Vitality, says in ready remarks.
