A joint venture between AXA IM Alts, a global leader in alternative investments and AXA Investment Managers’ alternative business unit with c. €184 billion ($201 billion) of assets under management, and Cabot Properties, a global private equity real estate firm, 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 projec
