The projects are located in a number of high value solar markets, requiring sophisticated incentive management of feed-in tariff and rebate programmes, zero emissions renewable energy credit (ZREC) solicitations and solar renewable energy credits (SREC) markets and multiple value transfer methods, including remote net metering. Safari Energy completed more than 1.4 MW of projects for Extra Space Storage in the first four months of 2018 alone and is projected to complete 5 MW more in 2018.
“Extra Space Storage has been a terrific partner over the course of dozens of solar power projects, working with Safari Energy to unlock new revenue from existing properties” said Matt Rudey, Chief Executive Office, Safari Energy. “We’re best known for our work with leading commercial real estate owners, and self-storage is one of the many markets where Safari Energy has been successful in helping our clients capture incremental returns.”
Tim Arthurs, Senior Vice President, Facilities, Extra Space Storage, added that Safari Energy has been a valuable and reliable partner for several years and the company is looking forward to working with them on additional future projects.
Safari Energy part of the PPL Corporation family of companies and a is leading partner for large commercial real estate owners and users who want to optimise returns through solar power deployment.
Across the self-storage industry in the U.S., 48 million square feet of new self-storage properties are planned for 2018, with vacancy expected to remain low and average rents to climb. As the self-storage industry continues to grow, energy efficiency and clean power sources are crucial elements for companies like Extra Space Storage, which are focused on sustainability. By undertaking solar power projects, self-storage companies can not only advance their sustainability goals, but also capture incremental financial returns.
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