The top solar and battery storage real estate investment firm, SolaREITTM, reported that it has invested over $125 million in battery energy storage system (BESS) projects across the US. More than 1,400 MWac of projects have benefited from the company’s BESS capital solutions, which have helped control peak demand, enhance grid stability, and promote the deployment of sustainable energy across the country. Last year, the business introduced its capital solutions for BESS developers.
“Battery storage is the backbone of a resilient, modern grid that can support this country’s growing energy needs—and it all starts with land,” stated Laura Pagliarulo, CEO of SolaREIT. “Storage sites are often more complex and costly to secure than solar, so unlocking land value early can make or break a project. Our team delivers flexible capital solutions that help developers stay focused on execution and getting projects built.”
Battery energy storage projects across the country yield significant profits per acre, and developers have access to a highly attractive alternative source of development finance by monetizing the underlying property. The cost of real estate is considerable for developers, especially in metropolitan areas, especially as demand for strategically placed land close to existing grid infrastructure increases. These sites are highly sought-after and can be quite challenging for developers. By collaborating with developers and landowners to provide a variety of choices for obtaining unfettered finance, SolaREIT may assist.
All 50 states provide SolaREIT’s capital options, which include lease acquisitions, land purchases, and loans for battery storage property. The business’s tried-and-true financing solutions are made to offer the most flexibility possible, taking into account each partner’s long-term goals, financial plan, and development schedule.
