Black Bear Energy Inc., a leading technology-enabled services company representing large commercial renewable and clean energy buyers, today announced the development of 5.2 MW of commercial solar systems with Kilroy Realty Corporation, a leading West Coast Real Estate Investment Trust (KRC).
BOULDER, COLO. – Black Bear Energy facilitated the project acting as the owner’s representative to KRC. Nautilus Solar Energy LLC, a leading national solar project development company, and Black Bear Energy, a channel partner, developed the portfolio of commercial solar projects which includes nine of Kilroy’s class A office properties located in California.
“It has been a pleasure working with KRC and Nautilus Solar Energy, and to see these projects move from vision to reality with today’s ribbon-cutting. Delivering renewable projects that create value for our clients is at the core of what we do and we look forward to seeing these new solar systems produce electricity for Kilroy over the next several decades,” commented Drew Torbin, Black Bear Energy’s Chief Executive Officer.
When completed, the project portfolio will total 5.2 MW DC, and consist of solar carport and rooftop applications located at Kilroy Realty’s commercial office properties in San Diego, San Francisco, Menlo Park and Long Beach, California. They are Kilroy Realty’s first on-site solar developments. Nautilus Solar Energy developed and will own the solar systems and Kilroy Realty will purchase the solar energy from Nautilus through a power purchase agreement
“Sustainability is at the foundation of everything we do at KRC. With the installation of solar systems on nine of our properties, we are able to demonstrate that our commitment to sustainability improves our business by providing both an economically viable solution to procuring clean energy and covered parking,” said Sara Neff, Senior Vice President of Sustainability at Kilroy Realty.
About Black Bear Energy, Inc.
Black Bear Energy is a technology-enabled energy services company that represents commercial renewable and clean energy buyers. Black Bear’s clients own, manage, or control more than 2.5 billion square feet of real estate through the U.S. For more information about Black Bear Energy visit BlackBearEnergy.com. For press inquiries contact info@blackbearenergy.com.
About Kilroy Realty Corporation.
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast’s premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
At September 30, 2017, the company’s stabilized portfolio totaled approximately 13.7 million square feet of office space located in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and Greater Seattle and 200 residential units located in the Hollywood submarket of Los Angeles. In addition, KRC had four projects totaling approximately 1.8 million square feet of office space, 237 residential units and 96,000 square feet of retail space under construction.
The company has been recognized by GRESB as the North American leader in office sustainability for the last four years and is listed in the Dow Jones Sustainability World Index. At the end of the second quarter, the company’s stabilized portfolio was 55% LEED certified and 73% of eligible properties were ENERGY STAR certified. More information is available at http://www.kilroyrealty.com.
About Nautilus Solar Energy, LLC
Founded in 2006, Nautilus Solar Energy, headquartered in Summit, N.J., is a leading national solar development, acquisition, and asset management company. Nautilus focuses on developing, acquiring, executing and managing distributed and utility-scale generation solar projects. Over its 11+year history, Nautilus has invested in and asset manages hundreds of MWs of solar projects located throughout North America. Nautilus is minority owned by Virgo Investment Group, LLC. Join Nautilus on LinkedIn and Twitter and visit http://www.nautilussolar.com for more information.
