The Making of a Solar REIT: By the Numbers

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Power REIT (NYSE:PW) recently announced that it had closed on a deal to buy approximately 100 acres of land leased to the owners of more than 20 MW of solar projects near Fresno, CA. This will be the company’s second solar transaction and increases the share of its revenue from solar to 21 percent. These two solar transactions put PW well on its way to becoming the nation’s first REIT to get most of its revenue from renewable energy. The balance of its revenue comes from leasing its railroad property. Whiile not renewable energy, rail is also a green asset in that transport by rail is much more fuel efficient than the alternative: trucking.

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