Commercial, Distributed Generation, Solar, Sourcing Renewables - May 9, 2017
Kilroy Realty announces 5 MW of solar installations
Kilroy Realty Corp. on May 9 announced that construction has begun on a portfolio of commercial solar developments across nine of its class A office properties in California.
The Los Angeles-based real estate investment trust said in a joint news release with its partner for the portfolio, Nautilus Solar Energy LLC, that the installations will total 5.2 MW when complete. The projects comprise solar carport and rooftop projects at Kilroy's commercial office properties in San Diego, San Francisco, Menlo Park and Long Beach, Calif.
Most of the sites are expected to be completed in 2017, and a final rooftop site on a newly constructed building is expected to be completed by early 2018. 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 companies said.
"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."
Kilroy has a track record of success in the area of energy efficiency, and in April, the REIT announced plans to install advanced energy management systems at five of its buildings in Southern California as part of a 200-MWh grid modernization project being deployed by Advanced Microgrid Solutions for Southern California Edison.
The company is recognized by GRESB as the North American leader in sustainability and was ranked first among 178 North American participants across all asset types. At the end of the fourth quarter, the company's properties were 51% LEED certified and 69% of eligible properties were certified by the U.S. EPA's Energy Star program.
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