This marks the launch of a portfolio-wide initiative designed to turn underutilised rooftop space across Prime Group’s self-storage portfolio into productive clean energy infrastructure.
Through the partnership with Wunder, Prime Group is deploying the solar energy systems it owns across its national Prime Storage portfolio, with Wunder providing ongoing management of the systems.
Initial deployments include projects in Rhode Island, Connecticut, California, and Maryland, where rooftop solar systems are being brought online, demonstrating how self-storage facilities can serve as practical, distributed energy assets, while avoiding new land development.
Many of the projects utilise state-based community solar programmes, which can allow power generated from Prime Group's rooftops to be delivered to local residents at a discount to utility rates, with additional savings available for low- and moderate-income households. By utilising its rooftop assets, Prime Group expects the programme to facilitate lower energy costs for participating households while generating energy savings for its own operations.
“We believe on-site energy infrastructure has emerged as a compelling value creation strategy” said Robert J. Moser, Founder, Principal, and Chief Executive Officer of Prime Group. “As a longtime innovative owner and operator in the evolving self-storage sector, we are focused on initiatives that we believe can enhance asset performance and generate incremental income over time. This strategic partnership with Wunder supports the delivery of clean power to the communities we serve and supports our long-term portfolio strategy and broader strategic objectives.”
Wunder's national solar deployment strategy for Prime Group’s portfolio is driven by local utility programmes and regulations, state-level incentives, and property-specific considerations. Each participating asset is systematically evaluated to identify an appropriate solution intended to support asset performance, support sustainability objectives, and create measurable community benefit. Across Prime Group's portfolio of more than 330 assets, more than 100 projects are under development across nine states, totalling more than 38 megawatts of solar development.
“We are honoured to work with Prime Group’s forward-thinking team, who share a commitment to sustainability and operational excellence” added Dave Riess, Chief Executive Officer of Wunder. “For self-storage operators, solar can present an opportunity to accelerate clean energy adoption while potentially reducing operating expenses. We look forward to leveraging our expertise in energy infrastructure to build a strong partnership with Prime Group and support additional long-term value creation across their portfolio for years to come.”
As additional systems are energised, Prime expects the programme to contribute to reduced carbon emissions, expand access to renewable energy, and reinforce the role commercial real estate can play in advancing practical, community-focused sustainability solutions.
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