December 8, 2023
AUSTIN – The 376,000-sf Paloma Ridge campus is expected to produce 3.35 megawatts of energy once its unit-wide solar panel system is turned on. That’s more than any other solar array in Austin to date.
The solar panel system, expected to come online in the coming months, is significantly larger than others participating in Austin Energy’s Community Solar program.
The program gives participating customers credit for the energy produced by their on-site energy systems. The discount will apply to all power used by the office complex.
The system includes both rooftop solar panels as well as another set used to cover a portion of the complex’s parking lots.
The buildings’ renewable energy output will offset the use of more than 3,400 metric tons of CO2 annually. That is the equivalent of powering 775 gasoline-powered cars for a year.
Paloma Ridge was developed by Stream Realty Partners and is now owned by Starwood Capital Group LLC. The panels were installed by Radial Power LLC. Tenants include Informatica, LPL Financial, eHealth and Hewlett Packard Enterprise.