Millstein says the fund enables clients to participate with zero out-of-pocket costs.
SAN FRANCISCO—According to Navigant Research, the global market for energy efficient building technologies is expected to grow to $360.6 billion by 2026. Following that growth trail, clean energy services company Carbon Lighthouse along with partner, Generate Capital, recently closed a $65 million project finance fund, its third and largest project financing to date. Carbon Lighthouse will use the funds to help more US building owners and investors turn energy waste from existing assets into guaranteed, bankable revenue streams.
“This project finance fund enables us to continue providing services to clients with zero out-of-pocket costs, reducing risk even further for our clients,” said Brenden Millstein, co-founder and CEO of Carbon Lighthouse. “This allows us to expand our services at an even quicker pace and wider scale, while achieving more and more impact as we move full speed ahead into 2019.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
