NREL Program Turns Warehouses Into Rooftop Solar Powerhouses
“At the end of the day, we are buying land, we are putting a distribution center on it – using it to create value for that piece of property,” Torbin said. “Project Amp is a great way for us to create additional value for those existing assets. We are leasing roof space, we are building out solar facilities and we are creating value. The biggest piece missing to do this at scale was an efficient form of financing.”
Although Prologis was just starting to embrace solar on roofs of its U.S. properties when Torbin completed Energy Execs, he credits the program with giving him the knowledge to take it to the next level. “Energy Execs is a phenomenal program. I can truly say that there is no other offering anywhere in the world like it. It provides a strong foundation for anyone who wants to get involved in renewable energy.”
According to Torbin, the solar efforts at Prologis have grown exponentially since his being a part of NREL’s Energy Execs. When Torbin graduated, the company had approximately 6 MW of solar installed. Currently, with projects under construction, Prologis has more than 60 MW on rooftops.
“Now with Project Amp, we are going to grow exponentially. We are only limited by the dollars available and that’s $2.6 billion,” Torbin said. “At today’s pricing, that’s about 733 MW of PV.”