Solar and storage real estate company SolaREIT is expanding its financing services to include land for substations and transmission corridors related to PV project development.
“Developers are navigating one of the most challenging capital environments in the history of the energy industry, with clean energy lending growth slowing from 22% to just 5.8% year over year,” said Laura Pagliarulo, CEO of SolaREIT. “By expanding our financing solutions to include associated infrastructure, we’re giving developers a powerful new tool to unlock capital and keep their projects moving forward.”
Large-scale solar development often requires the addition of substations to interconnect with the grid. Project constructors are responsible for building these grid upgrades alongside their arrays.
SolaREIT was founded in late 2020 as a financing model for land purchases for solar construction. In 2024, the company expanded its financing services to include energy storage projects. SolaREIT has provided real estate financing for more than 3 GW of clean energy projects.
News item from SolarREIT