“There's no capital commitment and no work commitment on our end. We're providing the rooftops, we sign a lease agreement, and it generates incremental revenue for NSA.”
National Storage Affiliates
- First Installation with Solar Landscape 2022
- Available Roof Space 8.5M sqft.
- Total Committed 8.5M sqft. / 100+ MW
George Hoglund Vice President of Investor Relations, NSA
NSA:
Generating Revenue & Energy Through Rooftop Solar Leases
OVERVIEW
NSA is a real estate investment trust and one of the largest owners and operators of self-storage properties in the U.S. NSA holds ownership interests in and operates 1,052 self-storage properties located in 42 states and Puerto Rico with approximately 68.8 million rentable sqft.
CHALLENGE
NSA sought an innovative solution to improve clean energy generation while aligning with their long-term strategy to maximize shareholder value and uphold their commitment to the well-being of the communities they serve.
SOLUTION
Through this partnership, Solar Landscape will evaluate nearly 1,000 NSA properties for community solar projects, representing a vast majority of NSA’s portfolio. This initiative marks a significant expansion of NSA’s current solar output, increasing its existing solar energy production fivefold.
RESULT
NSA benefits from this arrangement with no upfront capital investment required. Instead, the company will generate steady revenue through a lease agreement, while Solar Landscape handles all aspects of project development, operation, and maintenance.
Projects Gallery
From Project to Press: Promoting Sustainability Success
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- Globe St: National Storage Affiliates Trust Seals Deal With Solar Landscape
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- NAREIT: REIT Rooftop Solar Installations Power Communities
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- Financial Times: National Storage Affiliates Trust and Solar Landscape Announce New Agreement to Pursue over 100 Megawatts of Rooftop Solar
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- New Project Media: Solar Landscape enters agreement with National Storage Affiliates Trust to develop rooftop solar projects
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- SpareFoot: Self-storage firms strike gold on their rooftops with lucrative ‘community solar’ deals
