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Alternative Assets  + Real Assets  + Real Estate  | 
SolaREIT, AB CarVal to Invest Up to $250M for Solar, Battery Storage

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.

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About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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