DSD & Black Bear Energy Announce 1.4 MW Solar Project in White Plains

SCHENECTADY, N.Y. — November 9, 2021 — DSD Renewables (DSD), a leading commercial solar developer, operator, and asset owner, has broken ground on a 1.4 MW community solar installation in White Plains, New York, facilitated by Black Bear Energy. The solar canopy will sit on top of a parking garage at The Source at White Plains, a first-class shopping center located in downtown White Plains, and will provide low-cost renewable energy to local homes and businesses. The Source is owned by an entity advised by UBS Realty Investors LLC.

“We look forward to further increasing renewable energy across our portfolios.”

“DSD is thrilled to partner with UBS Realty and Black Bear Energy on this project, which will bring clean, renewable energy to White Plains residents and businesses at a reduced rate,” says Dan O’Brien, Senior Director of Commercial Origination at DSD. “We take pride in developing community solar projects and look forward to continuing this partnership in the future.”

The system, anticipated to be operational before the start of 2022, will produce an estimated 1,650 MWh of renewable energy annually, avoiding approximately 1,169 metric tons of carbon dioxide equivalent.

“UBS Realty Investors is committed to seeking out sustainable investment opportunities on behalf of its clients, while also delivering risk-adjusted returns,” says James Zilora, Executive Director of UBS Realty Investors. “We look forward to further increasing renewable energy across our portfolios.”

“Using both onsite renewable generation and community solar programs, our clients are able to provide value to themselves and their surrounding communities,” commented Drew Torbin, Black Bear Energy’s Chief Executive Officer.

DSD and investors within its Mohawk Fund will own the project long-term. All offtake for the project is currently committed.