October 21, 2009

Chino, CA, USA: PV System Completed at Multi-Employer Property Trust Building

The roof of a 458,000-square-foot industrial building in Chino, California is now providing as much as one million watts of solar power to Southern California's Inland Empire.

This is the second installation in Southern California Edison's (SCE's) plan to place advanced solar panels on hundreds of otherwise unused commercial rooftops across Southern California.

The Chino site is owned by the Multi-Employer Property Trust (MEPT) whose exclusive investment advisor is Kennedy Associates.

Multi-Employer Property Trust (MEPT) is a $ 4.6 billion, open-end commingled real estate equity fund that invests in a diversified portfolio of institutional-quality real estate assets in the United States.

"The rooftop solar project is part of Southern California Edison's 25-year commitment to developing cleaner and renewable alternative energy sources for our customers," said SCE President John R. Fielder. "In addition to generating more clean power, this project will strengthen local grid reliability and produce hundreds of new green jobs to support Southern California's economic recovery."

During the next five years, SCE will install, own and operate 250 megawatts of solar generating capacity.

The utility also wants to conduct competitive solicitations offering long-term power contracts to independent solar power providers who will install an additional 250 megawatts, bringing the total to 500 megawatts.

"Promoting the use and generation of renewable energy is important to both MEPT Kennedy and Associates. SCE to lease unused roof space to generate renewable energy, while also creating 'green collar' union jobs, reinforce our commitment to responsible property investing, "said Preston Sargent, Executive Vice President and portfolio manager for MEPT.

Further details about: Southern California Edison and Multi-Employer Property Trust (MEPT) and First Solar