SolaREIT™, a leading solar and battery storage real estate investment firm, has completed a land purchase for a 39-megawatt AC solar project in Pennsylvania, supporting Solops®, an Independent Power Producer backed by Denham Capital. Solops has developed over 3GW of photovoltaic solar projects across 30 states, securing $2.1 billion in financing. The transaction, finalized in under 45 days, provides Solops with a cost-effective alternative to traditional development capital, allowing them to reinvest proceeds into other projects in their pipeline.
“Access to affordable capital at the right time can determine a solar project’s success,” stated Laura Pagliarulo, CEO of SolaREIT. “Our real estate financing solutions help developers maintain their momentum and bring more projects online. Working with experienced developers like Solops, who bring deep expertise and a track record of successful execution, makes this process even more efficient.”
“I have been involved in many deals in my career. This was one of the smoothest and most professional transactions that I have been involved with,” stated Matt Rosenblum, CEO of Solops. “SolaREIT’s streamlined approach and understanding of developer priorities enabled us to keep our project on track. This land acquisition not only supports our progress but also allows us to allocate capital to other projects in our pipeline.”
SolaREIT provides financial solutions to developers and project owners that allow them to monetize land and lease value, free up capital, and reduce lease costs. In addition to land purchases, SolaREIT offers lease purchases, and solar and storage land loans, in all 50 states.
SolaREIT™, based in Virginia, is an innovative real estate company focused on delivering financing solutions for solar and battery energy storage developers. SolaREIT, a minority and women-owned business, was founded in 2020 as a Real Estate Investment Trust (REIT) by clean energy industry veterans with a proven track record in finance, project development, real estate, and community solar.
