SolaREIT Secures $200 Million Debt Commitment from SLC Management to Expand Real Estate Financing for Battery Storage and Solar Projects
SolaREIT, a leading solar and battery storage real estate investment company, announced a new long-term debt commitment with SLC Management, the institutional fixed income and alternative asset management business of Sun Life Financial Inc.. The agreement establishes a $200 million debt facility to support SolaREIT’s innovative land financing solutions for solar and battery energy storage system (BESS) developers nationwide. The capital will be used to expand deployment of SolaREIT’s core offerings: solar and storage land purchases, lease purchases, and land loans.
"This partnership with SLC Management strengthens our ability to deliver fast, flexible capital to developers, at a time when they need it most," said Laura Pagliarulo, CEO of SolaREIT. "The facility reflects growing institutional confidence in our business model and provides scalable access to low-cost capital in a challenging financing environment."
The facility is structured to support future issuances, making it an ideal platform to respond to growing developer demand. As energy storage and solar projects face rising capital requirements and evolving federal policies, SolaREIT’s tailored land financing solutions continue to provide an advantage to developers.
SolaREIT’s practical, proven financing tools are designed to provide maximum flexibility, tailored to each partner’s development timeline, financial strategy, and long-term vision. Since its founding in 2020, SolaREIT has financed the real estate for solar and energy storage projects valued at more than $3 billion across the United States. The company began offering services for energy storage last year and have since closed more than $125 million in BESS transactions.
SolaREIT | https://www.solareit.com
SLC Management | slcmanagement.com