Another way ProLogis is addressing climate change is through its renewable energy program. As one of the world’s largest owners of rooftops, ProLogis has a huge potential to leverage its real estate portfolio for hosting solar energy systems. ProLogis Renewable Energy partners with utilities or investors seeking to provide renewable energy to their customers. By renting roofspace and allowing these entities to host solar panels on our facilities, ProLogis is helping provide renewable energy to the communities in which it operates.
This approach is much more efficient and has a much greater environmental benefit than using the solar panels to power its buildings. By sending energy directly to the grid, ProLogis can host larger systems and enter into long-term agreements with utilities and investors. The lengthy payback required for solar and our relatively short typical lease term prevent ProLogis from partnering with the customers inside its facilities to use solar panels to power the building.
