US-based solar and battery storage real estate investment company SolaREIT has secured a $200m (€169.9m) debt facility loan from SLC Management.
SolaREIT said the new debt facility will support its land financing solutions for solar and battery energy storage system developers across the US.
The capital will be used to expand the company’s solar and storage land purchases, lease purchases and land loans.
Laura Pagliarulo, CEO of SolaREIT, said: ”This partnership with SLC Management strengthens our ability to deliver fast, flexible capital to developers, at a time when they need it most.
”The facility reflects growing institutional confidence in our business model and provides scalable access to low-cost capital in a challenging financing environment.”
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