SolaREIT Secures $80 Million Credit Facility to Scale Solar and Storage Land Financing

New updates have been reported about SolaREIT.

SolaREIT has expanded its revolving credit facility to $80 million, marking the fourth increase in three years and signaling growing lender confidence in its renewable energy land-financing platform. The upsized facility, provided by Atlantic Union Bank and syndication partner EagleBank, strengthens SolaREIT’s ability to supply capital for land associated with solar and battery energy storage projects nationwide. Atlantic Union Bank serves as sole bookrunner and administrative agent, leading structuring and syndication, while EagleBank continues as a key banking partner. Management positions this expanded facility as critical working capital to meet accelerating developer demand for flexible, real estate-focused financing solutions.

CEO and Co-founder Laura Pagliarulo described 2026 as a pivotal year for developers, emphasizing that access to reliable, scalable capital is essential as projects move to completion on compressed timelines. Bank representatives highlighted SolaREIT’s execution record and the robust market for land-based solar and storage financing as core reasons for supporting the larger facility. Since inception in 2020, SolaREIT has provided real estate financing for land underlying approximately $5 billion in clean energy projects, focusing on structures that allow both developers and landowners to optimize land value while advancing energy transition goals. As a specialized REIT dedicated to solar and battery storage land assets, the company is positioned to use this increased credit capacity to expand its portfolio, deepen relationships with developers, and potentially enhance recurring revenue from long-term land-related cash flows, while responding to rising demand across the U.S. market.