SolaREIT has closed the land purchase deal for Headwater Energy’s 112MW (dc) solar project in North Carolina, US.
Solar developer Headwater Energy worked closely with SolaREIT to ensure a smooth and efficient transaction for land for the Gum Swamp Solar project.
“Developers need reliable, efficient partners who can execute transactions quickly and with minimal friction,” said Laura Pagliarulo, CEO and co-founder of SolaREIT.
“We’re excited to work with Headwater Energy as their team has an outstanding track record of success in building high-quality solar assets. In a wait-and-see market, SolaREIT provides developers with reliable financing for real estate that removes variables from their cost of capital equation.”
Michael Cohen, CEO of Headwater Energy, added: “Working with SolaREIT has proven to be a tremendous advantage for the profitability of this project.
“Their team clearly understands the demands of solar development, delivering the kind of execution and efficiency that’s vital in today’s market.
“By handling the land acquisition smoothly, they enabled us to maintain our development schedule and focus our resources on building this significant clean energy resource for North Carolina residents and businesses.”
The Gum Swamp Solar project demonstrates how strategic land acquisitions can accelerate solar development.
By purchasing the project land, SolaREIT enables developers to redirect capital to cover other critical expenses for projects in their pipeline.
This approach is particularly valuable in today’s market, where reliable and efficient capital deployment is crucial for project and pipeline success.
SolaREIT provides financial solutions to developers and project owners that allow them to monetise land and lease value, free up capital and reduce lease costs.
In addition to land purchases, SolaREIT provides lease purchases, as well as solar and storage land loans, across the US.