SolaREIT is expanding its real estate financing platform to include land for substations and transmission corridors. The move allows developers to access financing not only for generation sites such as solar and renewable facilities, but also for the critical land required to connect projects to the electric grid and deliver power to end users.  

“Developers are navigating one of the most challenging capital environments in the history of the energy industry, with clean energy lending growth slowing from 22% to just 5.8% year over year,” said Laura Pagliarulo, CEO of SolaREIT. “By expanding our financing solutions to include associated infrastructure, we’re giving developers a powerful new tool to unlock capital and keep their projects moving forward.”  

SolaREIT said land associated with substations and transmission corridors represents a significant but largely underutilized asset class for project developers. Historically, these parcels have not been widely used as collateral for financing, despite being essential to grid interconnection and project completion. 

To date, SolaREIT has provided real estate financing for more than three gigawatts of clean energy projects, representing over $5 billion in project value.