Commercial, Distributed Energy Resources, Commercial, Solar - November 9, 2023
Transwestern Enters Partnership to Explore Decarbonization
Transwestern Investment Group (TIG®) entered into a strategic partnership to explore the development and construction of solar arrays and battery storage solutions for a subset of TIG’s industrial real estate properties.
TIG entered into an agreement with Altus Power, a commercial-scale provider of clean electric power.
The two companies plan to evaluate opportunities for solar projects across 24 industrial and logistics properties totaling more than 8.2 million square feet. In addition to the building-sited, locally generated solar power, Altus Power and TIG® will explore implementing battery storage and fleet electric-vehicle charging infrastructure.
“Our partnership with Altus Power highlights our commitment to deliver on sustainability objectives and drive value for our investors as well as prospective tenants,” said Gary Jaye, Chief Investment Officer of TIG, in a statement. “As a market leader, Altus Power will help us identify and implement solutions for our industrial assets that are both environmentally sustainable and fiscally responsible.”
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