Radial Power Completes 3.35 mwdc Solar Project In Austin, Bringing Renewable Energy to Paloma Ridge Office Park

Radial Power, an emerging leader in distributed clean energy solutions, announced the successful installation and commissioning of the Paloma Ridge solar project in Austin, Texas. This innovative project, comprising both rooftop solar and carport solar, marks a significant step towards sustainable energy solutions for the region. Paloma Ridge is the largest solar project connected to Austin Energy, participating in Austin Energy's "Value of Solar" and performance-based incentive programs.

Developed as part of Radial Power's commitment to decreasing the carbon footprints of large-scale real estate portfolios, the 3.35 MWdc Paloma Ridge solar project demonstrates the potential of solar power generation in the region. The office park, owned by an affiliate of Starwood Capital Group, is now equipped with cutting-edge solar technology that supports environmental conservation and enhances the property's value and functionality. The Paloma Ridge solar project will offset more than 3,400 metric tons of CO2 annually—the equivalent of taking 775 gasoline cars off the road every year.

"We are proud to have successfully completed the Paloma Ridge solar project, which stands as a testament to our commitment to driving positive change through renewable energy," said John Bates, CEO of Radial Power. "This remarkable solar initiative not only contributes to Austin Energy's efforts to harness clean energy but also aligns with our vision of a sustainable future. We commend Starwood Capital Group for their support and vision in making this project a reality. This is only the beginning for Radial Power and we will shortly be onsite at 15 properties installing similar projects for four different portfolio clients in markets across the United States."

"We are thrilled with the substantial property enhancements that the solar project brings to Paloma Ridge," said Mauricio Serna, Starwood Capital Group's Head of ESG. "Embracing renewable energy aligns with our sustainability goals and provides the property with a lower cost of power and shaded parking, offering a more comfortable tenant environment during Texas' summers."

Radial Power's successful completion of the Paloma Ridge solar project is a powerful proof point for sustainable development and renewable energy integration. Radial Power has tailored an extension of the multi-year, multi-solution program to the unique needs of Starwood Capital, going beyond short-term solutions, and thus providing long-term value and benefits towards SCG's climate and commercial goals.

Radial Power | www.radialpower.com