SolaREIT Expands Financing Reach with $30 Million Credit Facility from Atlantic Union Bank, Bolstering Clean Energy Development Nationwide

SolaREIT™, a leading renewable energy real estate investment firm, has announced the successful closure of a revolving credit facility with Atlantic Union Bank (AUB). This agreement provides SolaREIT™ with an additional $30 million in liquidity, bolstering its capacity to scale operations and extend financing solutions to solar and storage developers. Notably, this marks the second revolving credit facility established with AUB, following a previous $15 million arrangement unveiled last year. SolaREIT™’s innovative financing model offers robust options for solar and battery energy storage solution (BESS) developers and landowners alike.

Laura Klein, CFO of SolaREIT™, expressed enthusiasm about the renewed partnership with Atlantic Union Bank, emphasizing the pressing need for flexible financing in the rapidly evolving clean energy landscape. She highlighted how the new credit facility empowers SolaREIT™ to broaden its support for clean energy projects nationwide.

John Lester, Commercial Relationship Manager at Atlantic Union Bank, echoed this sentiment, reaffirming the bank’s commitment to facilitating the transition to clean energy. Lester emphasized the importance of collaboration with SolaREIT™ in efficiently funding clean energy initiatives.

With solar and BESS development becoming increasingly capital-intensive, SolaREIT™ plays a pivotal role by offering a range of capital solutions to developers and landowners. These solutions aim to maximize the value of solar or battery storage development on their land. SolaREIT™’s tailored financing options provide unparalleled flexibility, aligning with clients’ specific needs, financial objectives, and land utilization visions.