National Storage Affiliates Trust and Solar Landscape Announce New Agreement to Pursue Over 100 Megawatts of Rooftop Solar
National Storage Affiliates Trust (NYSE: NSA) and Solar Landscape have entered into an agreement to develop over 100 megawatts of rooftop solar across NSA's properties nationwide. The partnership aims to utilize approximately 8.5 million square feet of rooftop space on about 1,000 NSA properties in 42 states and Puerto Rico. These community solar projects will power nearby homes and businesses at a discount, creating a more efficient electric grid. Solar Landscape will develop, own, and operate the projects, making monthly lease payments to NSA. The initiative aligns with NSA's corporate responsibility goals and commitment to sustainability while generating value for shareholders. Additionally, Solar Landscape's STEP-UP program will continue to provide solar training and education, contributing to workforce development in the clean energy sector.
National Storage Affiliates Trust (NYSE: NSA) e Solar Landscape hanno inserito un accordo per sviluppare oltre 100 megawatt di energia solare su tetti in tutte le proprietà di NSA a livello nazionale. La partnership mira a utilizzare circa 8,5 milioni di piedi quadrati di spazio sui tetti su circa 1.000 proprietà di NSA in 42 stati e Puerto Rico. Questi progetti di energia solare comunitaria alimenteranno abitazioni e aziende vicine a una tariffa ridotta, creando una rete elettrica più efficiente. Solar Landscape svilupperà, possiederà e gestirà i progetti, effettuando pagamenti mensili di affitto a NSA. L'iniziativa è in linea con gli obiettivi di responsabilità aziendale di NSA e il suo impegno per la sostenibilità, generando al contempo valore per gli azionisti. Inoltre, il programma STEP-UP di Solar Landscape continuerà a fornire formazione e istruzione sull'energia solare, contribuendo allo sviluppo della forza lavoro nel settore delle energie rinnovabili.
National Storage Affiliates Trust (NYSE: NSA) y Solar Landscape han firmado un acuerdo para desarrollar más de 100 megavatios de energía solar en techos en las propiedades de NSA en todo el país. La asociación tiene como objetivo utilizar aproximadamente 8.5 millones de pies cuadrados de espacio en techos en alrededor de 1,000 propiedades de NSA en 42 estados y Puerto Rico. Estos proyectos de energía solar comunitaria suministrarán energía a hogares y negocios cercanos a un descuento, creando una red eléctrica más eficiente. Solar Landscape desarrollará, poseerá y operará los proyectos, realizando pagos mensuales de alquiler a NSA. La iniciativa se alinea con los objetivos de responsabilidad corporativa de NSA y su compromiso con la sostenibilidad, al tiempo que genera valor para los accionistas. Además, el programa STEP-UP de Solar Landscape continuará proporcionando formación y educación en energía solar, contribuyendo al desarrollo de la fuerza laboral en el sector de la energía limpia.
National Storage Affiliates Trust (NYSE: NSA)와 Solar Landscape는 NSA의 자산 전역에 걸쳐 100메가와트 이상의 태양광 지붕을 개발하기 위한 계약을 체결했습니다. 이 파트너십은 42개 주와 푸에르토리코에 있는 약 1,000개의 NSA 부동산에서 약 850만 평방피트의 지붕 공간을 활용하는 것을 목표로 하고 있습니다. 이러한 커뮤니티 태양광 프로젝트는 인근 가정과 기업에 할인된 가격으로 전력을 공급하여 보다 효율적인 전력망을 생성합니다. Solar Landscape는 이러한 프로젝트를 개발하고 소유 및 운영하며, NSA에 매월 임대료를 지불합니다. 이 이니셔티브는 NSA의 기업 책임 목표 및 지속 가능성에 대한 약속과 일치하며 주주에게 가치를 창출합니다. 또한, Solar Landscape의 STEP-UP 프로그램은 태양광 교육 및 훈련을 계속 제공하여 청정 에너지 분야의 인력 개발에 기여할 것입니다.
National Storage Affiliates Trust (NYSE: NSA) et Solar Landscape ont conclu un accord pour développer plus de 100 mégawatts d'énergie solaire sur les toits des propriétés d'NSA à l'échelle nationale. Ce partenariat vise à utiliser environ 8,5 millions de pieds carrés d'espace de toiture sur environ 1 000 propriétés d'NSA dans 42 États et à Porto Rico. Ces projets solaires communautaires fourniront de l'électricité à prix réduit aux maisons et entreprises voisines, créant ainsi un réseau électrique plus efficace. Solar Landscape développera, possédera et exploitera les projets, tout en effectuant des paiements de loyer mensuels à NSA. Cette initiative s'aligne sur les objectifs de responsabilité sociale de l'entreprise d'NSA et son engagement envers la durabilité tout en générant de la valeur pour les actionnaires. De plus, le programme STEP-UP de Solar Landscape continuera d'offrir des formations et un enseignement sur l'énergie solaire, contribuant ainsi au développement des compétences dans le secteur de l'énergie propre.
Der National Storage Affiliates Trust (NYSE: NSA) und Solar Landscape haben eine Vereinbarung zur Entwicklung von über 100 Megawatt Solarenergie auf Dächern in den Immobilien von NSA landesweit getroffen. Die Partnerschaft zielt darauf ab, etwa 8,5 Millionen Quadratfuß Dachfläche in rund 1.000 NSA-Immobilien in 42 Bundesstaaten und Puerto Rico zu nutzen. Diese gemeinschaftlichen Solarprojekte werden nahegelegene Haushalte und Unternehmen zu vergünstigten Preisen mit Strom versorgen und ein effizienteres Stromnetz schaffen. Solar Landscape wird die Projekte entwickeln, besitzen und betreiben und monatliche Mietzahlungen an NSA leisten. Diese Initiative steht im Einklang mit den Unternehmensverantwortungszielen von NSA und dem Engagement für Nachhaltigkeit, während sie Wert für die Aktionäre schafft. Darüber hinaus wird das STEP-UP-Programm von Solar Landscape weiterhin Solartrainings und -bildung anbieten und zum Personalaufbau im Bereich der sauberen Energie beitragen.
- Agreement to develop 100+ megawatts of solar capacity across NSA properties
- No capital expenditure required from NSA for the solar projects
- Monthly lease payments to NSA from Solar Landscape
- Potential for increased shareholder value through new revenue stream
- Alignment with corporate responsibility and sustainability goals
- None.
Insights
This partnership between NSA and Solar Landscape represents a strategic move with potential long-term benefits. The agreement to develop 100 megawatts of solar capacity across 8.5 million square feet of rooftop space is substantial. Importantly, this initiative requires no capital expenditure from NSA, as Solar Landscape will develop, own and operate the projects while making monthly lease payments to NSA. This structure allows NSA to generate additional revenue from existing assets without incurring significant costs.
The deal's scope, covering 1,000 properties across 42 states and Puerto Rico, suggests a significant potential for revenue diversification. While the exact financial impact isn't disclosed, the additional income stream could enhance NSA's financial stability and potentially boost shareholder value. However, investors should note that the full realization of these benefits will likely occur over an extended period as projects are gradually implemented.
This partnership aligns with the growing trend of corporate sustainability initiatives and could positively impact NSA's ESG profile. The planned 100 megawatts of solar capacity represents a significant contribution to renewable energy production. The community solar model is particularly noteworthy, as it allows NSA to support local communities by providing discounted clean energy to nearby homes and businesses.
The initiative also contributes to grid efficiency by generating energy close to consumption points. Furthermore, the partnership's commitment to workforce development through the STEP-UP program addresses the social aspect of ESG, potentially enhancing NSA's reputation. While the direct environmental impact on NSA's operations may be , the company's facilitation of large-scale solar deployment could be viewed favorably by environmentally conscious investors and stakeholders.
Strategic Partnership Will Pursue 8.5 Million Square Feet of Commercial Rooftop Solar across 42 States and
(Graphic: Business Wire)
NSA and Solar Landscape plan to develop at least 100 megawatts of solar capacity, which represents approximately 8.5 million square feet of rooftop space. NSA has granted Solar Landscape exclusive rights to evaluate approximately 1,000 of NSA’s properties in 42 states and
Under the partnership, solar installations on NSA properties’ rooftops will power nearby homes and businesses at a discount through the innovative community solar model. In addition to delivering environmental benefits and lowering energy costs, the projects will create a more efficient electric grid by generating clean energy close to where it is used.
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.
David Cramer, NSA’s President and CEO, commented, “This is an exciting step toward our corporate responsibility goals and demonstrates our commitment to building a more sustainable future. 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.”
The companies have worked together since 2022.
“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.”
Solar Landscape also introduces people in historically disadvantaged communities to careers in solar, creating the clean energy workforce of the future. Its nationally-recognized STEP-UP (Solar Training and Education Partnerships for Underserved Populations) program partners with dozens of organizations across the country, and has trained more than 2,500 individuals.
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NSA’s community solar projects will make the STEP-UP program’s continued success possible.
About National Storage Affiliates Trust
National Storage Affiliates Trust is a real estate investment trust headquartered in
About Solar Landscape
Solar Landscape is the leading commercial and community solar developer in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240826923600/en/
National Storage Affiliates Trust
Investor/Media Relations
George Hoglund, CFA
Vice President - Investor Relations
720.630.2160
ghoglund@nsareit.net
Source: National Storage Affiliates Trust
FAQ
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