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ORIGINATION Clean Fund has already achieved a major competitive advantage in developing project sourcing relationships with industry-leading partners • Initial focus is on EE and PV equipment vendors whose ability to make sales is dramatically expanded by PACE finance. Clean Fund offers these vendors a onestop-shop for PACE expertise and financing: • Sales support: training, collateral, proposal analytics and terms • Structuring • Execution • Major sourcing opportunities have been identified with property owners and managers, commercial real estate lenders, local governments and PACE program administrators • Origination activities give CF the ability to control the velocity of its own portfolio Sourcing relationships developed for LA and SF will be leveraged nationwide as PACE program coverage expands 12
SELECTED PIPELINE Despite the newness of PACE as a financing mechanism Clean Fund partners are successfully originating PACE-based projects Partner Building Type Measures Location PACE Amount Project Size ESCO Mixed Use, 150,000 ft 2 PV, EE SF $1,075,000 $1,075,000 ESCO Office, 650,000 ft 2 Fuel cell, EE LA $2,500,000 $9,100,000 HVAC Installer Office, 86,000 ft 2 EE LA $2,086,000 $2,246,000 ESCO Office, 185,000 ft 2 EE SF $1,200,000 $1,200,000 Solar integrator Industrial, 2 buildings PV LA $1,980,000 $3,300,000 Solar integrator Winery PV Sonoma $1,240,000 $1,240,000 Solar integrator Office complex PV Sonoma $2,911,000 $2,911,000 Solar Integrator Office PV LA $1,347,000 $2,057,000 ESCO Office, 120,000 ft 2 EE LA $1,250,000 $1,250,000 Program admin Office, 174,000 ft 2 PV Fresno $2,577,000 $2,577,000 Local gov’t Airport PV CA $2,278,000 $3,100,000 Clean Fund project pipeline totals over $125 million 13
Page 1 and 2: PACE for Commercial Buildings
Page 3 and 4: EXECUTIVE SUMMARY Clean Fund origin
Page 5 and 6: PACE BONDS WITH PRIVATE CAPITAL The
Page 7 and 8: CRE EE AND RE FUNDING OPTIONS Optim
Page 9 and 10: TYPICAL CASH FLOW IMPACT Typical pr
Page 11: KEY STAKEHOLDERS AND BARRIERS OF EN
Page 15 and 16: The Clean Fund Team is lead by an e
Page 17 and 18: INVESTMENT SUMMARY Clean Fund is se

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