The cost of land across many global markets is down. In areas like Florida or Costa Rica, the opportunity to develop this land is likely one or two decades out as absorption rates have slowed yet long term demand for more temperate climates will continue. I believe there is a real opportunity to take advantage of the current prices, harness this vacant land AND the emerging market for renewable energy by building out solar farms and selling back the energy to a number of potential customers. (more…)