
SolaREIT, AB CarVal to Invest Up to $250M for Solar, Battery Storage
SolaREIT, a solar real estate investment fund, and funds managed by AB CarVal, a global alternative investment manager, closed an initial $100 million investment with up to $250 million additional capital, for SolaREIT’s renewable land, lease and loan financing solutions.
Launched in late 2020, Vienna, VA-based SolaREIT provides financing for solar real estate and offers options to compensate landowners for utilizing their land to host solar farms and battery storage projects.
“This partnership with SolaREIT scales solar and battery storage growth by delivering a full suite of financing solutions for developers, project owners and landowners,” said Jerry Keefe, principal with AB CarVal.
AB CarVal has approximately $17 billion in assets under management in corporate securities, loan portfolios, structured credit and hard assets. Since 2017, the firm has invested over $4 billion in clean energy investments, including solar and storage hard assets, private financings, solar loans and solar asset-backed securities.
