Using REITs to Invest in Utility Scale Solar Projects
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[Excerpt] Public policy in the form of Renewable Portfolio Standards, rising electricity costs, and a sharp decline in upfront costs for commercial and utility scale solar power projects in recent years have allowed for the rapid growth of new solar power installations, and with them, a new opportunity for real estate investors. In this article we discuss solutions to one challenge in the growth of this asset class, securing a viable public financing structure through the utilization of Real Estate Investment Trusts (REITs) that will allow large scale investment to take place and the cost of capital to fall.
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Cornell Real Estate Review
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Vol. 12
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2014-07-01
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Cornell University; real estate; public policy; Renewable Portfolio Standards; electricity; costs; commercial; utility; scale; solar; power growth; land; technology; Real Estate Investment Trusts; REITs; capital; steam; locomotives; river; photovoltaic effect; market; trends; installation; costs; incentive; meter; net-metering; utilities; municipalities; agencies; public; financing; asset; portfolio; ownership; minority; Subsidiaries; roof; ground; leases; Prologis; Power REIT
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Required Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.
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article