MetLife Investment Management (MIM) has signed an agreement with DSD Renewables to install a 2.2-megawatt solar project and 510 kilowatt hours battery energy storage system at Intersect, on behalf of its owners PGGM and MetLife.
Intersect is a campus-style creative office property in Irvine, Calif. The four-building rooftop and car canopy solar project will generate more than 3.5 million kilowatt hours of clean energy annually, enabling approximately 74 percent of Intersect’s required energy to be produced onsite. The battery system can store excess electricity generated and support the grid by reducing peak demand.
Property owners expect the new solar project to be the largest of its kind for an office campus in Orange County, Calif., marking its commitment to sustainability.
MIM, on behalf of its owners, acquired Intersect through a strategic joint venture formed in 2022 with a sustainable investing approach. The venture seeks to acquire differentiated offic
