SolaREIT, a solar and storage real estate investment fund, has plans to launch a suite of capital solutions for battery energy-storage systems (BESS) developers. The company now offers land purchases, lease purchases and battery-storage land loans to BESS developers across the nation. With this expansion to BESS financing, SolaREIT is building on the successful solar-land financing model that they’ve pioneered. The company, founded in 2020, recently announced a $250 million investment from AB CarVal to turbocharge solar and battery-storage development.
“The capital solutions we’ve pioneered for the solar industry are a perfect fit for the storage sector at this critical time,” said Laura Pagliarulo, president of SolaREIT. “Battery energy-storage developers face challenges raising development and construction capital that we can help with. Storage and solar are poised for terawatt-scale growth in the coming decade, but will require a full-suite of capital solut