BentallGreenOak (BGO), on behalf of an institutional investor, announced plans Wednesday to install its first community solar project, financed by Summit Ridge Energy (SRE) and facilitated by Black Bear Energy.
The two solar projects totaling 2.7 MW in size will be owned and operated by SRE and hosted on two of BGO’s industrial assets. Once operational in Q1 2022, both rooftop systems will participate in Maryland’s community solar program to provide renewable power to local residents and businesses and are expected to produce 3,498,755 kWh of electricity, enough to power about 300 homes for one year.
This is the first community-use solar project for BGO, who is evaluating similar community solar hosting opportunities for the firm’s national industrial portfolio.
BentallGreenOak is a global real estate investment management adviser and a provider of real estate services. BentallGreenOak serves the interests of more than 750 institutional clients with expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. It has offices in 24 cities across 12 countries. BentallGreenOak is a part of SLC Management, which is the institutional alternatives and traditional asset management business of Sun Life.
Black Bear Energy is a technology-enabled, commercial buyer’s representative specializing in onsite renewable energy and clean tech services. In the past five years, Black Bear says it has helped its clients bid out more than 1,000 clean technology projects in more than 20 states through its data driven process.