Oct 28, 2024: The Client Operations Team, also known as the Driver Team at Black Bear Energy, guides clients through the solar installation process, from identifying viable assets to energization. The team is led by Victoria Stulgis and includes Jen Lessick, Eliana Mallory, Emma Hinkson, Zoe Racette, and Pauline Hanset. Read on to learn more about the Driver Team and their work at Black Bear Energy.
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August 29, 2024: Drew Carney has been with Black Bear Energy since its founding in 2015. He leads the Development team, overseeing site planning, system design, budgeting, interconnection, and construction of solar projects coming through Black Bear Energy’s software bidding platform. He brings humor and energy to the Black Bear team, as well as a wealth of knowledge from previous roles at Prologis and Stellar. On September 12, Drew will be speaking at the NAREIM Architecture, Engineering & Development Meeting in Austin, TX (https://www.nareim.org/architecture-engineering-development). Read on to learn more about Drew and his work at Black Bear Energy.
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SAN JOSE, Calif.–(BUSINESS WIRE)–Black Bear Energy (Black Bear), a Legence Company specializing in onsite renewable energy, today announced with Evergrow, a clean energy finance company, their first successful solar tax credit transfer from a Real Estate Investment Trust (REIT). Executed on Evergrow’s platform, this landmark deal covers multiple solar projects installed on multifamily assets in California and Washington DC, totaling 556 kW and ranging in size from 66 kW to 195 kW. This transaction will open doors for broader REIT participation in renewable energy projects and unlock the monetization of the investment tax credit, accelerating the deployment of onsite renewables in the commercial real estate sector.
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June 27, 2024: Jen has been with Black Bear Energy since 2021 and is a driving force behind over 400 MW of completed and in progress onsite solar projects . On July 10, Jen will be a panelist at the IMN ESG & Decarbonization Real Estate Forum in Dana Point, CA, where she will discuss onsite solar and Black Bear Energy’s recent ITC transfer. Read on to learn more about Jen and her work at Black Bear Energy.
Valta Energy and Black Bear Energy are proud to announce the completion of a 1.7 MW rooftop solar array on a warehouse property located in Torrance, CA and owned by Ares Management (“Ares”) Real Estate funds. The newly constructed, fully leased, best-in-class facility is located in the dynamic South Bay industrial market. The project, which is part of the Los Angeles Department of Water and Power (LADWP) Feed-in Tariff (FiT) program, will provide renewable electricity to the local utility grid. Launched in 2013, the FiT program incentivizes the deployment of solar through predetermined tariff rates for twenty years. The system, built by Valta Energy and facilitated by Black Bear Energy, will produce 2,963,023 kWh per year, equivalent to powering 202 homes yearly.1
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A joint venture between AXA IM Alts, a global leader in alternative investments with €185 billion of assets under management[1], and Cabot Properties, an international private equity real estate investment firm, has completed a 3.7 MW community solar project on the rooftop of an industrial building in Somerset, NJ. The project was facilitated through AXA IM Alts and Cabot’s partnership with Black Bear Energy and was developed by Dimension Renewable Energy, who will also own and operate the solar project going forward.
BOSTON, Dec. 18, 2023 /PRNewswire/ — STAG Industrial, Inc. (NYSE:STAG) today announced the completion of three NJ community solar projects hosted on its rooftops. The 2.7 megawatts (MW) of installed capacity are part of New Jersey’s community solar program that provides low-cost renewable energy to local residents. The projects were built in the second year of the New Jersey Community Solar Pilot Program, and at least 50% of the offtake will go to low- and moderate-income residents who will receive a discount on their electricity. Developed by Dimension Energy and facilitated by Black Bear Energy, the systems will generate over 3.4 million kilowatt-hours of electricity annually – the equivalent of powering the electric use of nearly 500 homes.
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Wayne, PA (August 29, 2023) – Dynamic Energy Solutions, LLC, a leading developer and installer of commercial and community solar projects, has completed construction on a groundbreaking rooftop solar project in Connecticut. The 2.1 MW solar system became operational in August 2023 and is the state’s first Shared Clean Energy Facility (SCEF) project to come online.
Summit Ridge Energy, the nation’s leading commercial solar and energy storage company, today held a ribbon-cutting ceremony in Rosedale, Maryland to celebrate the construction of six rooftop community solar projects across four industrial properties alongside LBA Logistics, a full-service real estate investment and management company, and Black Bear Energy, a commercial buyer’s representative specializing in onsite renewable energy and cleantech services. The initial project is scheduled to come online Q3 of this year, with the remaining five sites scheduled to commence in early to mid-2024.
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SCHENECTADY, NY (July 12, 2023) – DSD Renewables (DSD) and Black Bear Energy have broken ground on two solar canopy installations totaling 1.7 MW in southern California with The Muller Company, a real-estate investment, development and management firm. The canopies will be installed on top of parking garages and surface level parking at the Orange Executive Tower in Orange, CA and the Main Street Town Center in Santa Ana, CA.
Victoria Stulgis, SVP of client operations at Black Bear Energy, joins the program to discuss her organization’s newly launched Solar Leaderboard Index, and the big organizations currently sitting atop movement toward rooftop solar to reduce costs or boost revenue. Think in terms of Prologis, Brookfield, AvalonBay and Blackstone. Stulgis explains. (05/2023)
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SCHENECTADY, N.Y. (November 29, 2022) – DSD Renewables (DSD) and Black Bear Energy have broken ground on onsite rooftop solar systems, totaling 554 kW, at two Signature Center office buildings in Pleasanton, California. The buildings are owned by an account managed by Principal Real Estate, the dedicated real estate investment team within Principal Asset Management.
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SCHENECTADY, N.Y. (September 27, 2022) – DSD Renewables (DSD), a leading commercial solar developer, operator, and asset owner, has broken ground on two onsite solar canopies at an office park in California. The 957 kW and 429 kW installations, located at Pleasanton Corporate Commons, were facilitated by Black Bear Energy and will be installed behind the meter, offsetting much of the campus’ energy load. Pleasanton Corporate Commons is owned by an entity advised by UBS Asset Management.
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The addition of Black Bear Energy extends Legence’s leading position in renewable energy deployment across the built environment
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LOS ANGELES–(BUSINESS WIRE)– Kilroy Realty Corporation (NYSE: KRC, the “company”, “Kilroy”) announced today that it has completed three onsite solar installations at 2100 Kettner and 9455 Towne Centre Drive in San Diego and Kilroy Oyster Point – Phase 1 in South San Francisco. With these systems energized, Kilroy now hosts over six megawatts of solar spanning across 13 assets, demonstrating Kilroy’s continued commitment to scaling its renewable energy installations throughout its California portfolio.
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Congratulations to UBS, DSD Renewables and Wilder on the completion of a 1.4MW solar canopy in White Plains, NY!! The subscribers of this project will support local renewable energy and save money each month doing so.
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The achievable value of onsite #solar is now so large, that price targets of publicly traded REITs are being increased solely based on the opportunity alone. Last month Morgan Stanley published a collaborative report (link below) from their REIT, cleantech and utilities analyst teams. Their conclusion; The TAM for rooftop solar on commercial real estate is $490 billion and justifies increasing targets on many of the REITs they cover. On Tuesday, our CEO & Founder Drew Torbin joined Richard Hill and Stephen Byrd from Morgan Stanley to discuss their findings and the massive opportunity (link to webcast below). Hats off to the analyst team who compiled this study.
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New York (May 10, 2022) — BentallGreenOak (BGO), on behalf of an institutional investor, today announced that construction has started on its largest solar project to date, financed by Summit Ridge Energy (SRE) and facilitated by Black Bear Energy. The new rooftop solar installation, combined with two previous MD community solar projects, total over 10 MW in size will be owned and operated by SRE and hosted at three of BGO’s industrial assets. Once operational, all three rooftop systems will participate in Maryland’s community solar program to provide clean, renewable power to local residents and businesses, and are expected to produce 13,627,417 kWh of electricity annually, enough to power approximately 1,163 homes.
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Some owners are taking steps to make their buildings more energy efficient, including upgrading building materials and turning the rooftops into solar farms.
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Boston, MA – December 1, 2021 – STAG Industrial, Inc. (NYSE:STAG) today announced the completion of the nation’s largest rooftop community solar project hosted on its facility in Hampstead, MD. The 9.2 MW system is one of three hosted on STAG properties across the state and are part of Maryland’s community solar program that provides low-cost renewable energy to local homes and businesses. Co-developed by Summit Ridge Energy and Black Bear Energy, the systems have an aggregate capacity of 11.6 MW and will generate over 15 million kWh of electricity annually – the equivalent of powering nearly 1,500 homes. With the addition of these sites, STAG now hosts over 25.5 MW of solar nationally.
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SCHENECTADY, N.Y. — November 9, 2021 — DSD Renewables (DSD), a leading commercial solar developer, operator, and asset owner, has broken ground on a 1.4 MW community solar installation in White Plains, New York, facilitated by Black Bear Energy. The solar canopy will sit on top of a parking garage at The Source at White Plains, a first-class shopping center located in downtown White Plains, and will provide low-cost renewable energy to local homes and businesses. The Source is owned by an entity advised by UBS Realty Investors LLC.
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Engaging in partnerships to expand renewable energy capacity is one of Healthcare Realty Trust’s (Healthcare Realty) top sustainability initiatives—as utilities are one of its two largest operating expenses. The company anticipates renewables will continue to become a more prominent source of energy in the future and a desirable property feature for investors and tenants.
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JERICHO, N.Y.–(BUSINESS WIRE)– Kimco Realty Corp. (NYSE:KIM), one of North America’s largest publicly traded owners and operators of open-air, grocery-anchored shopping centers and mixed-use assets, today announced that it has initiated five new solar projects. Four of the projects are installed at Kimco properties in the New York metropolitan region, including the company’s new headquarters in Jericho, Long Island as well as Greenridge Plaza, Forest Avenue Shopping Center, and Richmond Shopping Center, all on Staten Island. The fifth is in Massachusetts at Festival at Hyannis Shopping Center. The projects will result in 3.7 MW of solar generating an estimated 4.64 million kWh annually, which is enough to power more than 600 homes per year.
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BOSTON–(BUSINESS WIRE)–AEW (the “Company” or “AEW”), a global real estate investment manager focused on creating value by investing in and operating commercial properties, today announced completion of a rooftop solar array expected to deliver over 2.6 million kWh of electricity annually to the community. The solar installation will be hosted at an AEW-managed industrial facility and will supply clean energy to the local electric utility, Baltimore Gas & Electric Company, through the Maryland Community Solar program.
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STAG Industrial, Inc. (NYSE:STAG) today announced the groundbreaking of their first onsite solar installations in Maryland, which are owned and developed by Summit Ridge Energy (“SRE”). The three projects are part of Maryland’s community solar program and will provide low-cost renewable energy to local homes and businesses. Co-developed by Black Bear Energy and SRE, the systems have an aggregate capacity of 11.6 MW and will generate over 15 million kWh of electricity annually – the equivalent of powering nearly 1,500 homes. The installations include a 9.2 MW system on STAG’s Hampstead facility, which when completed will be the country’s largest rooftop community solar project. With the addition of these sites, STAG now hosts over 25.5 MW of solar nationally.
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Boston, MA – November 12, 2020 – STAG Industrial, Inc. (the “Company”) (NYSE:STAG) today announced the groundbreaking of its first onsite solar installation in Illinois, and its fifth solar installation in Massachusetts. The projects are part of community solar programs and will provide low-cost renewable energy to local homes and businesses. Facilitated by Black Bear Energy in partnership with STAG, and developed by Green Street Power Partners (“GSPP”), these systems have an aggregate capacity of 3.5 MW and will generate over 4.4 million kWh of electricity annually – the equivalent of powering nearly 361 homes with solar. With the addition of these sites, STAG now hosts over 13.5 MW of solar nationally.
As power blackouts become an increasingly apparent normal to Californians, the state’s commercial real estate industry is hastening its adoption of alternative energy sources.
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Jersey City, NJ — June 16, 2020 — Duke Realty (NYSE:DRE) today announced that it will host solar projects covering nearly 1 million square feet of roof space across four of its New Jersey industrial assets. The four projects, facilitated by Black Bear Energy and developed by Solar Landscape, total 11.07 MW of solar and will produce more than 250 million kWh of renewable energy to the community over a twenty year period. Once completed, the combined projects will award Duke Realty the title of largest community solar host in the state of New Jersey.
Boston, MA — June 16, 2020 – STAG Industrial, Inc. (the “Company”) (NYSE:STAG) today announced the groundbreaking of 4 new solar rooftop systems in Massachusetts and one in New Jersey.
As ubiquitous as solar panels are these days, many people still harbor a lot of misconceptions. So, we asked Drew Torbin to explode some myths:
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In the age of clean energy, property developments are evolving to accommodate eco-friendly trends. This push towards sustainability has prompted industrial property owners to implement green technology that not only bolsters their properties, but also allows them to maximize the profitability of their assets. As with any new technology, rooftop solar leases possess nuances that set them apart from typical commercial leases. There are a few facets of solar leasing that owners should know about and fully understand…
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Industrial property owners are increasingly turning to rooftop solar facilities to add value to their portfolios and maximize the profitability of their assets, as well as to increase renewable energy sources for the greater good. While the general principles of commercial leasing apply to rooftop solar leases, there are a few issues that are unique to solar rooftop leasing. Here is a list of some common concerns that industrial property owners should be aware of:
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Asked about market growth and why every big-box retailer and mall rooftops and parking lots aren’t covered with solar-plus-storage and converted into distributed, grid-connected, emissions-free power plants, Drew Torbin
, co-founder and CEO of U.S.-based Black Bear Energy had this to say: “The scale is ramping up.”
Boston, MA — October 31, 2019 – STAG Industrial, Inc. (the “Company”) (NYSE:STAG), today announced the groundbreaking of its first two rooftop solar systems in Minnesota.
The projects will be community solar host sites, powering homes and businesses across the twin cities and surrounding areas. Black Bear Energy facilitated the project in partnership with STAG. In total, the new projects will result in STAG hosting 1,808 kW of solar on its rooftops, which is the equivalent of powering more than 200 homes each year
New 7.2MW solar installation will generate 15 percent of the Edison, New Jersey data center’s current electricity load
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“Corporate investments in renewable energy used to be symbolic. A few solar panels here, a small wind farm investment there. But in 2018 some companies became voracious green energy consumers.”
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Renewable Energy Magazine – 12 June 2018
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Densely packed commercial, residential and mixed-use buildings and real estate predominate and define cities the world over. With comparatively little in the way of open space, and what is available typically commanding premium prices, reducing cities’ energy consumption and pollution by deploying distributed, solar and other distributed, clean energy resources poses a vexing challenge for those aiming to improve urban quality of life while keeping the lights on and the energy flowing. Ambitious, innovative young companies such as Black Bear Energy are proving those challenges aren’t insurmountable…
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Boulder, CO., May 17, 2018 — Multifamily real estate investment firm, GID Investment Advisers and Black Bear Energy, the leading owner’s representative for onsite renewables, today announced the groundbreaking of two commercial solar systems. The projects, which are GID’s first solar leases, will provide energy to the Cities of Somerville and Cambridge while also providing low-cost energy to low-income residents and roof rental income to GID.
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Boulder, CO., May 17, 2018 — Black Bear Energy, the leading owner’s representative for onsite renewables, and USAA Real Estate today announced that construction will start this month on a 2.4 megawatt (MW) solar array in Cranbury, New Jersey. The rooftop project will host onsite renewable solar facilities, creating both financial and environmental value for the asset…
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Boulder, CO., May 17, 2018
LBA announces initial results from its latest clean technology efforts to install battery storage and LED retrofits across eight office and industrial properties in California, Arizona, Colorado and Nevada. These projects are estimated to save the properties over $1.9 million dollars over the next 10 years. The projects were facilitated by Black Bear Energy Inc., who acted in partnership with LBA Realty…
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