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ProLogis Signs Second U.S. Roof Lease for Solar Power

An Oregon utility company will install a 1.1 megawatt photovoltaic power generation system on three industrial roofs it has leased in Portland from distribution center provider ProLogis. In the second deal of its kind this year by ProLogis (NYSE: PLD), the company is moving toward a goal of covering 65 million sq. ft. of commercial buildings with solar panels in the next five years. “ProLogis is committed to implementing enough renewable energy systems to obtain a combined generation capacity of over 25 million kilowatt hours per year by 2010,” says Jack Rizzo, ProLogis’ managing director ...

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