DSD Renewables and Black Bear Energy have completed construction on two separate project portfolios in Pleasanton, California.
First, a two-project, 554-kW system was installed at the Signature Center office buildings, owned by an account managed by Principal Asset Management, through its dedicated real estate investment team. The 282-kW and 272-kW solar systems were installed behind the meter and will serve a large portion of the buildings’ electricity needs.
Built and owned by DSD Renewables, and facilitated by Black Bear Energy, these solar projects are the first in a series of four office campuses owned by Principal Asset Management managed accounts to install solar. The remaining solar systems will start construction in late summer 2023 and will include rooftop solar, canopy solar, and energy storage.
Second, a two-project, 1.4-MW system was completed at Pleasanton Corporate Commons, managed by Hines and owned by an entity advised by UBS Asset Management. The 957-kW and 429-kW installations will offset much of the campus’ energy load.
Facilitated by Black Bear and built by DSD, the canopy projects provide the benefit of covered parking for the adjacent office buildings, as well as access to lower-cost, onsite solar energy for tenants. DSD will own and operate the projects long-term.
“Net zero commitments are a rapidly increasing focus for both landlords and tenants alike. As more turn to renewable energy to meet these goals, we’re happy to be a part of these projects that push the industry in the right direction, while saving money for all parties involved with low-cost, clean electricity,” said Drew Torbin, Black Bear’s President.
“We worked closely with Black Bear Energy and UBS to bring these projects across the finish line and are excited to see the impact they can deliver to the Pleasanton community,” says Dan O’Brien, Vice President of Commercial Origination at DSD. “We look forward to continuing to help our commercial and real estate customers unlock the value of solar through onsite solutions like these.”
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