SolaREIT, a photo voltaic and storage actual property funding fund, is launching a set of capital options for battery power storage techniques (BESS) builders. The corporate now gives land purchases, lease purchases and battery storage land loans to BESS builders throughout the nation.
With this growth to battery power storage financing, SolaREIT is constructing on its photo voltaic land financing mannequin. The corporate, based in 2020, just lately introduced a $250 million funding from AB CarVal to increase photo voltaic and battery storage growth.
“The capital options we’ve pioneered for the photo voltaic trade are an ideal match for the storage sector at this important time. Battery power storage builders face challenges elevating growth and building capital that we may help with,” mentioned Laura Pagliarulo, president of SolaREIT. “Storage and photo voltaic are poised for terawatt scale progress within the coming decade, however would require a full suite of capital options to make that progress a actuality. At SolaREIT, we have now a deep understanding of those sectors and have constructed the best land financing options tailor-made to suit builders’ wants.”
Photo voltaic and power storage growth are capital intensive. SolaREIT companions with builders and landowners to supply choices for financing land procurement for photo voltaic and storage initiatives primarily based on purchasers’ particular person wants, monetary objectives and imaginative and prescient for his or her land.
Information merchandise from SolaREIT
