{"id":1004274173,"date":"2018-10-24T05:25:02","date_gmt":"2018-10-24T13:25:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004274173"},"modified":"2022-12-08T10:13:59","modified_gmt":"2022-12-08T18:13:59","slug":"clean-energy-projects-get-a-65m-boost-from-generate-capital","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/","title":{"rendered":"Clean Energy Projects Get a $65M Boost"},"content":{"rendered":"<p>By Anca Gagiuc<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004274176\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/hires_carbonlighthouse_2017_rooftop_889-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Marc Fiorito&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1488467834&quot;,&quot;copyright&quot;:&quot;\\u00a92017 Marc Fiorito - Gamma Nine Photography&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"hires_CarbonLightHouse_2017_RoofTop_889-1\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg?w=800\" class=\"alignright wp-image-1004274176 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Carbon Lighthouse, a clean energy services company, and Generate Capital, a financier, owner and operator of distributed energy and resource infrastructure, have closed on a $64 million project finance fund to support the growth of Carbon Lighthouse\u2019s clean energy and efficiency business. This marks Carbon Lighthouse\u2019s third and largest project financing to date.<\/p>\n<p>Based in San Francisco, Carbon Lighthouse has worked in more than 500 buildings across the U.S., from Hawaii to New York, and has eliminated the equivalent of six power plants, with nine more currently under contract. By 2020, Carbon Lighthouse aims to cut the equivalent of 50 power plants, with a plan to eliminate 50 more every year after that.<\/p>\n<p><em>&#8220;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,&#8221;<\/em> Brenden Millstein, co-founder &amp; CEO of Carbon Lighthouse, said in prepared remarks. <em>&#8220;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.&#8221;<\/em><\/p>\n<h2>Sustained growth<\/h2>\n<p>As per Navigant Research, the global market for <a href=\"https:\/\/www.commercialsearch.com\/news\/the-power-to-change\/\">energy efficient building technologies<\/a> is expected to grow to $360.6 billion by 2026. Carbon Lighthouse\u2019s Efficiency Production approach can save building owners $0.4 to $0.6 per square foot, boosting net profit by $5 to $10 square foot when the building is sold. Thus, a 10-million-square-foot portfolio can gain $50 million to $100 million in new, bankable profit.<\/p>\n<p><em>\u201cCarbon Lighthouse has cracked one of the most challenging but crucial markets for cutting carbon emissions from the built environment: Commercial real estate,\u201d<\/em> added San Franciso-based Generate Capital&#8217;s president &amp; co-founder, who previously founded SunEdison. <em>&#8220;They have proven that energy efficiency savings can be turned into lease revenue that is widely recognized as good REIT income, which has been the largest hurdle to attracting the attention of property owners, hotels and other building owners. We&#8217;re excited to help them scale this unique approach to cutting carbon in a lucrative way.&#8221;<\/em><\/p>\n<p>Carbon Lighthouse also announced a $7.5 million follow-on equity investment to its $27 million strategic growth round closed earlier this year. The additional investment came from CEAS Investments, which is run by Mike Wohl, who invests on behalf of a large single-family office in South Florida.<\/p>\n<p><em>Image courtesy of Carbon Lighthouse<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Francisco-based Carbon Lighthouse has worked in more than 500 buildings across the U.S. and aims to cut the equivalent of 50 power plants by 2020.<\/p>\n","protected":false},"author":237,"featured_media":1004274176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21825,21748,23891,21742,21786],"tags":[42623,42629,42626],"class_list":["post-1004274173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-finance","category-industrial","category-national","category-latest","category-sustainability","tag-carbon-lighthouse","tag-energy-efficiency","tag-generate-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clean Energy Projects Get a $65M Boost - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Clean Energy Projects Get a $65M Boost\" \/>\n<meta property=\"og:description\" content=\"San Francisco-based Carbon Lighthouse has worked in more than 500 buildings across the U.S. and aims to cut the equivalent of 50 power plants by 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-24T13:25:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T18:13:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/\",\"name\":\"Clean Energy Projects Get a $65M Boost - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg\",\"datePublished\":\"2018-10-24T13:25:02+00:00\",\"dateModified\":\"2022-12-08T18:13:59+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg\",\"width\":800,\"height\":620},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Clean Energy Projects Get a $65M Boost\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\",\"name\":\"Anca Gagiuc\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g\",\"caption\":\"Anca Gagiuc\"},\"description\":\"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Clean Energy Projects Get a $65M Boost - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/","og_locale":"en_US","og_type":"article","og_title":"Clean Energy Projects Get a $65M Boost","og_description":"San Francisco-based Carbon Lighthouse has worked in more than 500 buildings across the U.S. and aims to cut the equivalent of 50 power plants by 2020.","og_url":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-10-24T13:25:02+00:00","article_modified_time":"2022-12-08T18:13:59+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg","type":"image\/jpeg"}],"author":"Anca Gagiuc","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/","url":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/","name":"Clean Energy Projects Get a $65M Boost - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg","datePublished":"2018-10-24T13:25:02+00:00","dateModified":"2022-12-08T18:13:59+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg","width":800,"height":620},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/clean-energy-projects-get-a-65m-boost-from-generate-capital\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Clean Energy Projects Get a $65M Boost"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/340a1a5e8e7dd137bd91ca1dd3a2e9d7","name":"Anca Gagiuc","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d3faafbc9e42cee6d04189129d2ee35dc7818b52bae9848e065f3b86af1df47e?s=96&d=mm&r=g","caption":"Anca Gagiuc"},"description":"Anca Gagiuc brings more than a decade of experience within the real estate industry. She is a senior associate editor with Commercial Property Executive and Multi-Housing News who also writes monthly multifamily reports at Yardi Matrix. Contact Anca at anca.gagiuc@cpe-mhn.com","url":"https:\/\/www.commercialsearch.com\/news\/author\/anca-gagiuc\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/hires_CarbonLightHouse_2017_RoofTop_889-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004274173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/237"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004274173"}],"version-history":[{"count":4,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004274173\/revisions"}],"predecessor-version":[{"id":1004274287,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004274173\/revisions\/1004274287"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004274176"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004274173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004274173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004274173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}