June 11, 2020
Unico Solar, a wholly-owned subsidiary of Seattle-based Unico Investment Group, formed a JV with Excelsior Energy Capital to add solar panels on commercial properties. The long-term programmatic partnership plans to build, own and operate a 250 MW pipeline of commercial and industrial solar projects located across North America.
Unico’s Brett Phillips says, “Unico Solar is driven to rapidly expand access to renewable energy for commercial and industrial power consumers.”
The portfolio will be comprised of ground-mount, rooftop and carport solar projects across multiple U.S. states, including Arizona, California, Colorado, Hawaii, Massachusetts, Nevada, New Jersey, New York, Oregon, and Washington, among others. The projects will sell clean electricity to a diversified mix of consumers, including commercial businesses, property owners, municipalities, education institutions, utilities, and other credit-worthy commercial and industrial customers under long-term power purchase agreements. Construction of the first set of projects is expected to begin in Q3 2020.
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