The momentum seen nationally for a program designed to make commercial buildings more energy-efficient is evident in Denver, with a locally based financier announcing an ambitious new venture and a California-based company unveiling a makeover for the Petroleum Building downtown.
Mark Boyer, president and CEO of Denver-based Lever Energy Capital, said his company has the ability to originate up to $500 million in financing for the Commercial Property Assessed Clean Energy program, or C-PACE. Lever, the only Colorado company that finances projects through the program, is partnering with Crescent Real Estate, which has offices in Centennial and Fort Worth, Texas.
“We have a half billion in funding to put to work across the country, and we would love to put as much of that as possible to work in our own backyard, in Colorado,” Boyer said.
Sausalito, Calif.-based CleanFund, one of the country’s leading providers of long-term financing for energy efficiency and other upgrades to commercial properties, announced Tuesday that it is financing a $1.1 million replacement of the 62-year-old Petroleum Building’s central HVAC chiller system, with help from the Colorado C-PACE program.
Read the full article at the Denver Post.