Photo voltaic and battery vitality storage actual property funding firm SolaREIT introduced the closing of a land buy for Headwater Power’s 112-MWDC photo voltaic undertaking in North Carolina. Headwater Power labored intently with SolaREIT to make sure a clean and environment friendly transaction. Gum Swamp Photo voltaic will generate clear vitality to energy the equal of 17,000 North Carolina households yearly.
“Builders want dependable, environment friendly companions who can execute transactions rapidly and with minimal friction,” mentioned Laura Pagliarulo, CEO and co-founder of SolaREIT. “We’re excited to work with Headwater Power as their staff has an excellent observe file of success in constructing high-quality photo voltaic belongings. In a wait-and-see market, SolaREIT offers builders with dependable financing for actual property that removes variables from their value of capital equation.”
The Gum Swamp Photo voltaic undertaking demonstrates how strategic land acquisitions can speed up photo voltaic growth. By buying the undertaking land, SolaREIT allows builders to redirect capital to cowl different important bills for tasks of their pipeline. This strategy is especially beneficial in right this moment’s market, the place dependable and environment friendly capital deployment is essential for undertaking and pipeline success.
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