SolaREIT, a solar and storage real estate investment fund, is launching a suite of capital solutions for battery energy storage systems (BESS) developers. The company now offers land purchases, lease purchases and battery storage land loans to BESS developers across the nation.
With this expansion to battery energy storage financing, SolaREIT is building on its solar land financing model. The company, founded in 2020, recently announced a $250 million investment from AB CarVal to expand solar and battery storage development.
“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,” said Laura Pagliarulo, president of SolaREIT. “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.”
Solar and energy storage development are capital intensive. SolaREIT partners with developers and landowners to provide options for financing land procurement for solar and storage projects based on clients’ individual needs, financial goals and vision for their land.
News item from SolaREIT