California-based clean energy company Luminia has launched novel financing solutions and advanced technology to support commercial properties adopting sustainable improvements. Luminia has created a suite of solutions to foster sustainable development and transform existing commercial properties.
Formerly known as SD Renewables, Luminia is a leader in providing sustainable technology and financing solutions. The company has a long-standing history of developing renewable infrastructure and real estate assets. Now, the brand wants to use its skills and leadership to help businesses overcome obstacles to meet sustainability goals.
Carondelet High School in Concord, California, is one example of how Luminia’s solutions can work. Currently, the school operates exclusively on solar power. In partnership with Sun Light and Power, the school now enjoys a reduced carbon footprint and lower energy bills.
“Luminia provided us with a financing solution under a very short timeframe, and it turned out to be a better option than what others were providing. Luminia viewed us as a partner and wanted to serve us properly, treat us well and make us a priority – which was extremely important to us,” said Noah Galabow, CFO of Carondelet High School.
Luminia’s team of professionals helps guide the company. For example, Luminia co-managing partner David Field has worked with a platform that executed over 8,000 residential solar transactions worth over $350 million. Jim Kelly, another co-managing partner, has over three decades of experience in commercial real estate.
“Over the last three decades I have grown acutely aware of the challenges in financing sustainability improvements for the commercial real estate industry. This experience guided our approach to inventing new ways for commercial property owners to achieve their ESG targets,” Kelly said.
The solutions offered by Luminia come at a time of increased interest in eco-friendly properties. Businesses pushed to innovate are seeking sustainable technology for their projects. By addressing financing obstacles, Luminia can encourage companies to embrace clean energy and other sustainability features.
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