In a significant move, SolaREIT™, a prominent solar and storage real estate investment fund, has introduced an extensive suite of capital solutions specifically designed for battery energy storage systems (BESS) developers. This strategic expansion provides BESS developers nationwide with diverse options, including land purchases, lease purchases, and battery storage land loans.
Building on the success of their pioneering solar land financing model, SolaREIT™, established in 2020, recently secured a substantial $250 million investment from AB CarVal, aimed at accelerating solar and battery storage development initiatives.
Laura Pagliarulo, President of SolaREIT™, emphasized the relevance of their proven capital solutions in the storage sector, stating, “The capital solutions we’ve pioneered for the solar industry are a perfect fit for the storage sector at this critical time. Battery energy storage developers face challenges raising development and construction capital that we can help with. Storage and solar are poised for terawatt scale growth in the coming decade but will require a full suite of capital solutions to make that growth a reality. At SolaREIT, we have a deep understanding of these sectors and have built the right land financing solutions tailored to fit developers’ needs.”
SolaREIT™ recognizes the capital-intensive nature of solar and energy storage development. The company collaborates closely with developers and landowners, offering a range of options to leverage development on their land. SolaREIT’s™ practical and streamlined financing options for solar and storage land provide maximum flexibility tailored to individual client needs, financial goals, and vision for their land.
