Extra Space owns or operates more than 1,817 self-storage properties nationwide
February 5, 2020: Extra Space Storage Inc recently surpassed 100 solar-panel projects in partnered with Safari Energy. The companies have installed panels on Extra Space facilities across 13 states. The total solar projects have already produced more than 33 gigawatt hours of solar power, which is equal to offsetting emissions from 5,000 vehicles in a year, according to a press release.
The largest energy producing project is the 531-kilowatt rooftop system in Central Valley, N.Y., which leverages a net-energy metering program to provide electricity to neighboring “off-takers.” On average, the solar systems offset more than 80 percent of each site’s energy use. with panels at approximately 20 sites offsetting more than 95 percent.
The milestone was reached as the result of a long partnership between the two companies. In 2018, the 58 Extra Space properties across nine states produced 6.7 megawatts of energy.
“It has been an amazing journey for Safari Energy to work with Extra Space Storage for the past six years on solar projects across the country.” Said by John Lind, managing director or business development for Safari.
“We’ve found solar projects, like the 100 we’ve installed with Safari, to be an easy decision for us because it’s at the intersection of what is good for the environment, what is good for the community and what is good for our shareholders.” Said by Joe Margolis, CEO of Extra Space.
Safari specializes in solar-power deployment for large commercial customers. The company has completed more than 200 solar-energy projects since its founding in 2008. It’s part of the PPL Corp. group of companies.
Safari Energy founded in 2008 and specializes in solar-power deployment for large commercial customers. It has completed more than 200 solar energy projects. It is a part of the PPL Corp. group of companies.
Extra Space is a publicly traded self-storage real estate investment trust (REIT) and third-party management firm headquartered in Salt Lake City. The REIT owns or operates more than 1,817 self-storage properties nationwide and in Puerto Rico. It has a portfolio of 1.3 million units and 140 million square feet of rentable space.