US solar and battery storage real estate investment company SolaREIT has provided financing for projects totalling more than $3bn since its founding.
The figure encompasses projects in 18 states.
The company, which is celebrating its fourth anniversary, provides practical, streamlined capital solutions for financing solar and storage land, delivering maximum flexibility based on clients’ individual needs, financial goals, and vision for their land.
SolaREIT chief executive and co-founder Laura Pagliarulo said: “We founded SolaREIT four years ago with the goal of helping solar and BESS developers utilize the real estate under their projects to improve economics.
“Surpassing $3 billion in project value affirms that vision.
“With terawatt-scale growth projected in the coming decade, developers need a partner that understands their business and can help them leverage real estate in accretive ways.”
Solar and energy storage development are increasingly capital-intensive.
SolaREIT provides financial solutions to developers and project owners that allow them to monetise land and lease value, free up capital, or reduce lease costs.
The company’s three primary products, land purchase, lease purchase, and solar and storage land loans, are available in all 50 states.
SolaREIT, a minority and women-owned business, was founded in 2020 as a Real Estate Investment Trust (REIT) by clean energy industry veterans with a track record in finance, project development, real estate and community solar.