A joint venture between AXA IM Alts and Cabot Properties has completed a 114-kilowatt rooftop solar array on a 261,000-square-foot industrial property in Fontana, Calif.
AXA IM Alts’ first solar project in California, the 211-panel installation will provide low-cost renewable electricity to the asset’s tenants, helping to power their operations. The system, which was developed and installed by Motive Energy’s in-house EPC (engineering, procurement and construction) team and facilitated through AXA IM Alts and Cabot’s partnership with Black Bear Energy, should produce more than 200,000 kilowatt-hours of renewable energy per year, which will reduce annual on-site CO2 emissions by more than 141 metric tons.
The completion of the project follows AXA IM Alts’ and Cabot Properties’ delivery of a 3.7-megawatt community solar project on the rooftop of an industrial building in Somerset, N.J., in 2023, which enables the offset of more than 3,250 metric
