Walter Cuculic has led AVANA Capital’s renewable energy team since 2017. During this time, Walter and our renewable energy underwriting and credit teams have financed over $500M in clean energy projects, including small- and mid-sized utility, commercial and municipal solar projects; residential solar lease portfolios; project acquisition of distressed solar projects; and the development of biogas and anaerobic biogas projects. Additionally, AVANA’s Renewable Energy Group has financed several solar + storage (battery) projects, as well as the acquisition of energy storage equipment. Cumulative projects completed by Walter and our credit team and managed by our servicing team have had less than a 0.2% default rate.
Walter has worked in the renewable energy industry for the past 15 years and in real estate development for 25 years. Prior to AVANA, Walter worked in business development and finance for both SunPower and SolarCity/Tesla. In additional to renewable energy, Walter has a background in energy efficiency and water conservation. He sat on the Board of Directors for the US Green Building Council for five years, from 2009-2013.
Lastly, one of Walter’s proudest accomplishments is that he co-authored and won a $7M Department of Energy grant focused on reducing peak electricity demand through solar power, energy efficiency, demand response, and battery storage for a residential community in Las Vegas, NV.
Walter has an MBA from the Anderson School at UCLA and dual undergraduate degrees from Northern Arizona University in Environmental Engineering and Spanish.