California warehouse set to add 10 MW of solar
Dexus Property Group, an Australian-based realty group, recently announced that it has agreed to the terms of a solar lease with California electricity supplier Southern California Edison. The deal will have around 36,000 solar panels installed on the more than 120 acre roof of a warehouse in Perris, California. The system will have a peak capacity of 10 megawatts.
The Wall Street Journal notes that, despite recent turbulence in the solar electricity market, some markets for solar power are continuing strong growth. In particular, warehouses and similar buildings with high electricity bills and large expanses of open space have taken advantage of the drop in solar power system prices.
"Thanks to the support of building owners like Dexus, Southern California Edison's solar project objectives are being met – increasing California's renewable generation resources and helping address solar generation's significantly higher customer costs," Mark Nelson, director of Edison's solar photovoltaic program, said in a statement.
Solar leasing has also played an important role in this process, reducing the up-front costs for building owners.