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REAL ESTATE

SolaREIT has closed an investment fund of $100mn for solar lease securitization

SolaREIT has closed an investment fund of $100mn for solar lease securitization
The Siliconreview
08 March, 2022

SolaREIT’s solutions are meticulously crafted and will support Nuveen’s financing to deal with ever-rising costs

SolaREIT, a popular name in the US solar real estate segment, has recently closed a deal worth $100 million with Nuveen. The main motto of the expansion is to make boost the accessibility of the low-cost capital for the commercial and mid-sized solar development sector. The deal also highlights benefits for community solar. Land financing options of SolaREIT give the option of “Pre-Paid Solar Land Lease.” This will enable landowners to the lease payments instantly.

By increasing financial flexibility and giving access to capital to both landowners and solar developers, we can expect massive growth in the segment. MD of SolaREIT Gautam Chandra has stated that this investment has cemented the fact that strong interest is being shown from the largest and most progressive institutional investors. He furthermore added that we must understand no two projects are the same, and for too long, landowners and developers have had very limited options when it comes to forming effective solutions. SolaREIT’s solutions are meticulously crafted and will support Nuveen’s financing to deal with ever-rising costs, and it reduces developer capital and allows the company to take up more solar projects. When compared to conventional financing, SolaREIT provides better opportunities for landowners.