National Storage Affiliates Trust (NSA), a real estate group invested in self-storage properties, plans to partner with Solar Landscape to pursue installation of solar projects on NSA properties nationwide. The groups plan to develop at least 100 MW of solar capacity.
NSA has granted Solar Landscape exclusive rights to evaluate approximately 1,000 of NSA’s properties in 42 states and Puerto Rico for the potential to host community solar.
“We look forward to working with NSA to install community solar projects on their self-storage facilities,” said Solar Landscape CEO and Co-Founder Shaun Keegan. “Community solar is a win-win-win: it reduces the carbon footprint for communities, offers clean energy at a discount for residents and creates revenue for property owners.”
Development on the first sites in the partnership has already begun. The projects require no capital expenditure by NSA. Solar Landscape will develop, own and operate the projects and make a monthly lease payment to NSA.
“This is an exciting step toward our corporate responsibility goals and demonstrates our commitment to building a more sustainable future,” said David Cramer, NSA President and CEO. “NSA has long been customer- and community-focused. This partnership will enable us to increase that value by generating clean energy at a discount for the households surrounding our facilities, while also generating value for NSA shareholders.”
News item from Solar Landscape