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SolaREIT, a photo voltaic and storage actual property funding fund, is launching a collection of capital options for battery power storage programs (BESS) builders. The corporation now provides land purchases, lease purchases, and battery storage land loans to BESS builders throughout the nation.
With this enlargement to battery power storage financing, SolaREIT is constructing its photo voltaic land financing mannequin. The corporation, based in 2020, just recently introduced $250 million in funding from AB CarVal to increase photo voltaic and battery storage improvement.
“The capital options we’ve pioneered for the photo voltaic trade are an ideal match for the storage sector at this essential time. Battery power storage builders face challenges elevating improvement and development capital that we can assist with,” stated 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 an actuality. At SolaREIT, we now have a deep understanding of those sectors and have constructed the fitting land financing options tailor-made to suit builders’ wants.”
Photo voltaic and power storage improvement are capital intensive. SolaREIT companions with builders and landowners to supply choices for financing land procurement for photo voltaic and storage tasks based mostly on shoppers’ particular person wants, monetary objectives, and imagination and prescient for his or her land.
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