Unpacking Nuveen Green Capital and CDPQ’s Game-Changing C-PACE Financing Program

The C-PACE market is getting a $600M boost thanks to a new integrated financing program aimed at advancing sustainability in commercial real estate. 

Earlier this month, Nuveen Green Capital and global investment firm CDPQ announced they would join forces to offer a one-stop shop for Commercial Property Assessed Clean Energy financing.  

The first-of-its-kind program supports cost-effective energy and water conservation improvements by offering a substantial source of flexible and discretionary capital for large-scale construction and acquisition projects in key asset classes and markets.  

“Available capital for large-scale projects is difficult to source,” Nuveen Green Capital Director Sean Ribble told Lone Star PACE. “It’s even more difficult to find something that works in terms of a combined debt approach. This is a way for us to bring something to market that has pretty high demand for certain asset types.” 

Ribble sat down with Lone Star PACE to discuss the mechanics of the program and how it could impact C-PACE transaction volume. For more information on adding C-PACE to your capital stack, contact Lone Star PACE today.