Jamestown, a global real estate investment and management firm, announced the installation of a solar energy system at The Exchange at Larkspur Landing, an approximately 196,000-ft2, 9.4-acre office campus north of San Francisco in Larkspur, California.
Jamestown partnered with Wunder, a provider of commercial energy solutions, to deploy the 350-kW solar energy system, which is projected to deliver energy cost savings while reducing the environmental impact of the property. The system came online in June and is expected to generate 570,320 kWh of power in its first year of operation. The solar energy project at Larkspur Landing is part of a broader partnership with Wunder to evaluate and deploy solar across applicable sites within Jamestown’s real estate portfolio and development pipeline.
“As a real estate owner/operator and developer, we recognize we have an important part to play in the clean energy transition,” said Michael Phillips, president of Jamestown. “Sustainability has long been at the forefront of our business strategy, and we believe it will be a core component of our future success.”
Since launching a sustainability program in 2008, Jamestown has integrated sustainable practices throughout its operations. After reaching its 20% energy and greenhouse gas reduction targets in 2020, Jamestown set a new goal of net zero operational carbon emissions by 2050. The firm has also adopted the United Nations Sustainable Development Goals and Science Based Targets Initiative, pledging to reduce its property-generated and landlord-generated greenhouse gas emissions by 30 percent by 2030, from a 2018 base-year, and to measure and reduce its third party-generated emissions.
In alignment with Jamestown’s broader sustainability goals, The Exchange at Larkspur Landing is anchored in environmental stewardship. All three buildings at the campus are LEED certified Platinum or Gold with an average 2023 ENERGY STAR score of 86. In addition to the solar energy system, the campus features a centrally located courtyard, abundant green space with outdoor seating, EV charging stations and bike parking.
News item from Wunder