Kilroy Realty Corp. (KRC), a California-based real estate investment trust company, and Nautilus Solar Energy LLC, a New Jersey-based solar project development and asset management company, have teamed up to build a portfolio of commercial solar developments spread across nine of KRC’s Class A office properties in California.
The commercial solar developments, which will total 5.2 MW when complete, will consist of solar carport and rooftop applications located at KRC’s commercial office properties in San Diego, San Francisco, Menlo Park and Long Beach, Calif. The sites will begin construction in the second quarter, with most of them reaching final completion this year and a final rooftop site on a newly constructed building expected to reach final completion by early 2018.
“We chose to work with Nautilus Solar because of their exceptional track record of successfully developing and financing complex commercial solar developments in the U.S.,” says Sara Neff, senior vice president of sustainability at KRC. “This solar portfolio will complement our longstanding commitment to reducing energy consumption throughout our buildings.”
“This initial development represents both organizations’ continued devotion to making a real difference towards deploying renewable energy,” says Jim Rice, CEO and co-founder of Nautilus Solar Energy.