The first investments built and managed by Sculler were in securitised commercial real estate debt (CMBS). This type of complex investment (structured mortgage debt on real estate assets) has many similarities with financing renewable energy assets. The ultimate objective of Sculler Energy Corp. is to bring the same disciplines required in real estate syndication to capitalising solar assets.

In the years following the purchase of debt instruments from US banks, Sculler became active in the solar energy industry in Ontario. Sculler created business relationships with a number of solar contracting firms. Its roll was to function as a capital provider (investing with both debt and equity), developer, and owner/operator of ground- and roof-mounted solar projects in Ontario. To date, the firm manages one of the largest portfolios of MicroFIT projects owned by a single corporate entity in Ontario, and has developed an expertise in the funding, development, and ownership of commercial-sized roof-top and ground-mounted solar projects. Through Sculler’s hands-on approach, a working relationship has been developed with relevant government, local distribution companies in Ontario, and other stakeholders.

SOLAR PROJECTS (Ontario)

• During 2010-2016, Sculler created one of the biggest solar portfolios in Ontario, while many local companies in the industry went out of business.
• The solar portfolio exceeds 350 sites.
• Electricity generated is purchased by local distribution companies at fixed rates under 20-year contracts (guaranteed by the Government of Ontario).
• Sculler developed in-depth solar expertise (financing, construction & legal aspects).

SCULLER-MANAGED ASSETS

Smaller-Scale Systems

• Over 300 facilities are currently owned and under management.
• This group includes both dual-axis ground-mounted trackers and fixed ground-mounted systems.

Rooftop Systems

• These sites typically range in size from 250 kW to 500 kW AC.
• Average area taken up on a roof is 1.5 acres or 65,250 square feet.

Larger Ground-Mounted Systems

• The projects are on 10 acres.
• Each site has 60 dual axis trackers.
• Trackers allow the panels to “follow” the sun resulting in higher solar outp