SolaREIT Surpasses $100 Million in Capital Deployed in New York State

SolaREIT, a leading solar and battery storage real estate investment company, announced that it has surpassed $100 million in capital deployed across New York State. The milestone encompasses more than 60 real estate transactions supporting approximately 500 megawatts (AC) of solar and battery storage capacity across more than 3,000 acres statewide. Distributed generation and community solar scale projects account for the majority of the capital deployed.

"New York's electric grid needs solar and energy storage to meet rising demand, strengthen reliability, and support the state's clean energy goals. We're proud to provide flexible real estate capital solutions that support bringing these critical projects from development to deployment," said Laura Pagliarulo, CEO and co-founder of SolaREIT.

SolaREIT's New York portfolio, while primarily community and distributed scale, includes utility-scale, as well as battery energy storage, across both urban and rural communities throughout the state. The company's financing solutions help developers and landowners maximize the value of the real estate under their projects while advancing clean energy deployment. In addition to land purchases, the company provides lease purchases and solar and storage loans, in all 50 states.

SolaREIT | www.solareit.com