Kilroy Realty And Nautilus Solar Energy Announce A 5MW Commercial Solar Portfolio Development In California
Kilroy Realty Corporation, a leading West Coast REIT, and Nautilus Solar Energy LLC, a leading national solar project development and asset management company, today announced the ground breaking for a portfolio of commercial solar developments spread across 9 of Kilroy’s class A office properties located between Southern and Northern California. The decision to develop solar projects for each property leverages the respective strengths of each party and extends their common vision towards building a sustainable future.
The commercial solar developments, which will total 5.2 MW DC when complete, will consist of solar carport and rooftop applications located at Kilroy’s commercial office properties in San Diego, San Francisco, Menlo Park and Long Beach, California. The sites will begin construction in Q2 2017 with most of the sites reaching final completion during 2017 and a final rooftop site on a newly constructed building expecting to reach final completion by early 2018.
“We chose to work with Nautilus Solar because of their exceptional track record of successfully developing and financing complex commercial solar developments in the U.S.,” said Sara Neff, Senior Vice President of sustainability at KRC. “This solar portfolio will complement our longstanding commitment to reducing energy consumption throughout our buildings.”
“This initial development represents both organizations’ continued devotion to making a real difference towards deploying renewable energy,” said Jim Rice, CEO and co-founder of Nautilus Solar Energy. “We’re very pleased to provide a solution for KRC that allows them to achieve their sustainability goals in an economic manner and look forward to expanding our relationship,” added Jeffrey Cheng, COO of Nautilus.
Source:PRN
