AXA IM Alts and Cabot Properties complete first solar project in California

A joint venture between AXA IM Alts and Cabot Properties has completed the installation of 114 kilowatts of solar panels on the roof of a 261,000-square-foot industrial facility in Fontana, California.

AXA IM Alts’ first solar project in California, a 211-panel installation, will provide the asset’s tenants with affordable renewable energy to help power their operations. The system, which was developed and installed by Motive Energy’s in-house EPC (engineering, procurement and construction) team and facilitated by AXA IM Alts and Cabot’s partnership with Black Bear Energy, is expected to produce more than 200,000 kilowatt-hours of renewable energy annually, reducing annual on-site CO2 emissions by more than 141 metric tons.

The project completion follows AXA IM Alts and Cabot Properties’ delivery of a 3.7-megawatt community solar project on the roof of an industrial building in Somerset, New Jersey in 2023, offsetting more than 3,250 metrics