Prologis has formed a global renewable energy group to procure new business, manage installations and provide development management services for renewable energy projects globally.
Prologis has formed a global renewable energy group to procure new business, manage installations and provide development management services for renewable energy projects globally.
'Even through the challenges of the global recession we are finding more ways to create additional value from existing assets,' said Walt Rakowich, CEO of Prologis. 'We are excited to announce the formation of this group, which will enable us to expand upon the proven success in wind and solar projects we already have demonstrated in five countries across Europe, Asia and North America.'
In addition, Prologis on Thursday announced a new, 4.8-megawatt (MW) solar project to be installed on eight of its rooftops at Prologis Park Sant Boi in Barcelona and Prologis Park Alcala in Madrid, Spain. Prologis completed its first solar installation in France in 2005, and now has solar installations on 20 buildings covering 669,000 m2 of roof space.
