Black Bear Energy and Dimension Renewable Energy supports completion of New Jersey industrial roof solar installation that will power ~740 local homes

​A joint venture between AXA IM Alts and Cabot Properties has completed a 3.7 MW community solar project on the rooftop of an industrial building in Somerset, NJ. Facilitated through their partnership with Black Bear Energy and developed by Dimension Renewable Energy, the installation will provide low-cost renewable energy to local businesses and homes, offsetting over 3,250 tons of CO₂ per year.​

As part of New Jersey's Community Solar Program, the 8,243-panel system will power approximately 740 homes, including 375 low-to-moderate income households. Each of these homes will receive a 21% discount on their utility bills, equating to annual savings of up to $300 per household.​

Brad Otis, Head of Asset Management at Cabot, emphasized the company's commitment to sustainable improvements and increasing renewable energy across their portfolios. Joshua Nislick, Vice President of Business Development at Dimension, highlighted the project's role in bringing clean, renewable energy to Somerset residents at a reduced rate and creating long-term community value. Drew Torbin, President of Black Bear Energy, praised clients like Cabot for leveraging community solar opportunities to benefit both themselves and the broader community.​

Cabot Properties is an independent, private partnership focused on logistics real estate, having invested over $14 billion and operated more than 1,600 buildings totaling over 200 million square feet. Dimension Renewable Energy is a leading developer, owner, and operator of turnkey community solar solutions, with over 250 megawatts deployed and plans to invest an additional $2.5 billion over the next five years. Black Bear Energy, a Legence company, specializes in onsite renewable energy and cleantech services, assisting clients in bidding out over 1,000 clean technology projects across more than 20 states in the past seven years.

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