MetLife Funding Administration (MIM) has signed an settlement with DSD Renewables to place in a 2.2-MW/510 kWh picture voltaic + storage mission at Intersect, a campus-style office property in Irvine, California.
The four-building rooftop and automotive cowl picture voltaic mission will generate larger than 3.5 million kWh of recent vitality yearly, producing roughly 74% of Intersect’s required vitality onsite. The battery system can retailer additional electrical vitality generated and help the grid by decreasing peak demand.
“We acknowledge the operate buildings and accountable precise property investing can play in bettering workplaces and communities whereas positively impacting the setting,” talked about Jim Landau, head of environmental, social & governance, Precise Property and griculture, MIM. “The Intersect picture voltaic mission advances our dedication to supporting and financing choices that drive progress in the direction of a low-carbon monetary system, deal with hazard and create sustainable funding returns.”
Property owners rely on the model new picture voltaic mission to be an important of its kind for an office campus in Orange County.
“Placing in picture voltaic on properties the place it makes financial sense, fits utterly with PGGM’s give consideration to sustainable funding initiatives,” talked about Eugene Phillips, funding supervisor from PGGM’s Private Precise Property division. “A low carbon setting up, with ensuing tenant benefits, will entice tenants and make the office campus futureproof – and will also be a setting up block in making our precise property portfolio additional impactful.”
Data merchandise from DSD Renewables
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