DSD Renewables and Black Bear Energy have completed two onsite solar canopies, totaling 1.4 MW at Pleasanton Corporate Commons office park in California. The 957 kW and 429 kW installations will offset much of the campus’ energy load and are expected to generate over 2 GWh of clean energy annually.
Pleasanton Corporate Commons is managed by Hines, a global real estate investment, development and property manager, and is owned by an entity advised by UBS Asset Management.
“UBS is dedicated to creating energy efficient property assets on behalf of clients looking to incorporate sustainable investments with economic benefits at the property level,” said Vasilios Diakogeorgiou, head of strategic initiatives, UBS Asset Management. “We will continue to increase renewable energy in our portfolios where applicable.”
Facilitated by Black Bear, a Legence company, 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.
“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, president of Black Bear, a technology-enabled, commercial buyer’s representative that specializes in onsite renewable energy and cleantech services. In the past five years, the company has helped its clients bid out over 1,000 clean technology projects in more than 20 states through its data driven process.
DSD will own and operate the projects long-term.
“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, VP 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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