Unico Solar Investors & Excelsior Energy Capital Close on 3 Additional Projects
Today, Unico Solar Investors and Excelsior Energy Capital announced, as part of their ongoing partnership, the closing of three additional rooftop solar projects across Colorado, California and Washington. The projects include 9375 W Sugar Road in Tracy, CA, the Cascadian in Seattle, WA, and Greenwood Corporate Plaza in Greenwood Village, CO. Collectively, the six buildings will produce energy totaling 3.4 megawatts.
“We’re thrilled to continue our partnership with Excelsior Energy Capital, who has been instrumental in helping us to advance and scale the use of clean energy within the commercial, industrial and residential real estate sectors across the U.S.,” says Brett Phillips, vice president of Unico Solar. “Projects like this not only demonstrate the possibility for building owners and tenants to reap the benefits of on-site solar at no cost to them but also our collective momentum toward achieving our vision for a clean, affordable energy future.”
Expected to be completed in the second quarter of 2023, 9375 W Sugar Road will supply the 925,475-square-foot building with more than 80% of its energy needs. At 2.3 megawatts, this represents Unico Solar’s largest project to date. The building is owned by Olliix (a JLA Home company) and will be occupied by Michaels Stores, Inc.
The portfolio at Greenwood Corporate Plaza, owned by investment management firm Viking Partners, includes four buildings totaling 418,143 square feet. The rooftop solar systems, expected to be completed in the first quarter of 2023, will produce energy totaling 1,013.8kw, supplying anywhere from 15-40% of each building’s energy needs.
The Cascadian, owned by Invesco Real Estate, was completed in the fourth quarter of 2022. The rooftop solar system will produce energy totaling 86.7kW to the 210,771-square-foot building.
Unico Solar offers an alternative way to access clean electricity by leasing unused real estate to produce solar energy. At Unico Solar’s cost, they design, build and operate onsite commercial, industrial and community solar systems that give property owners, businesses, local governments, homeowners and renters the opportunity to purchase affordable, predictable, zero-emissions electricity at discounted rates.
These installations are part of Unico Solar and Excelsior Energy Capital’s goal to amass a 250 MW portfolio of commercial and industrial solar projects across North America. The sites will sell clean electricity to a diversified mix of users, including commercial businesses, property owners, municipalities, educational institutions, entertainment facilities, utilities, and other electricity consumers under long-term power purchase agreements.