Power REIT's First Solar Deal

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body-power-reits-first-solar-deal.jpg I first wrote about Power REIT's (NYSE:PW) plans to invest in renewable energy real estate in May 2012. The intent was to buy the real estate underlying a solar, wind, or other renewable energy project, charging the project owners rent. This can be done profitably because REITs often have a lower cost of capital than other businesses, such as renewable energy power producers.