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June 18, 2020

Unico forms JV to add solar panels

Unico Solar Investors has been around since 2015. That division of the local real estate and investment firm Unico Investment Group, also based here, recently announced a joint venture with Excelsior Energy Capital of Minnesota to add solar panels on commercial properties. Unico's Brett Phillips said in a statement, “Unico Solar is driven to rapidly expand access to renewable energy for commercial and industrial power consumers.” Deployment of rooftop solar panels is expected to begin in the third quarter on buildings in Washington, Oregon, California and beyond. The clean energy will then be sold to various market sectors, including municipalities. One recent example is Unico's Harlequin Plaza near Denver, which provides 22% of the energy for two buildings, and will offset 9,655 metric tons of carbon dioxide over 20 years. During that same period, it'll generate about $1 million in net income. Unico Solar also leases rooftops and land outside its portfolio.




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