CBRE Solar will provide services to the company’s clients, initially in the US and Canada. Its service offering encompasses a broad range of solar energy solutions for clients, including solar power purchase agreements, roof leases, advisory services, project development services, project management services and solar project investment opportunities.

CBRE Solar will work with Smart Energy Capital (SEC), a solar finance, development and advisory firm. The principals of SEC have a deep background and successful track record in structuring and arranging innovative financing solutions for solar related projects and developing renewable energy projects. They have managed a portfolio of over 300 megawatts of solar projects and raised in excess of $200 billion of innovative financings.

Mike Lafitte, president of the Americas for CB Richard Ellis, said: “As the world’s largest commercial real estate services firm, we will play a leading role in the solar distributed generation market. CBRE Solar puts us in an ideal position to assist our corporate services and asset services clients in understanding and navigating the complexities of the solar market to efficiently maximize their real estate and achieve their sustainability and energy-cost reduction goals.”

Rob Krugel, managing partner of SEC, said: “We are thrilled to be a part of CB Richard Ellis' solar solution. Combining our finance and solar industry experience with CB Richard Ellis’ world-class commercial real estate services platform will enable CBRE Solar to positively impact the growth of the market for distributed solar generation.”

Will the move benefit CB Richard?

Have your say and discuss with your peers on the InfoGrok community.

Participate by posting your comments now.