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.