SolaREIT, a photo voltaic actual property funding fund, has closed a lease buy for greater than 125 acres of land with 31.46 MW of photo voltaic. The deal, with A.D. Makepeace Firm, North America’s largest cranberry grower and the biggest non-public property proprietor in jap Massachusetts, is SolaREIT’s largest but in Massachusetts.
“Photo voltaic aligns with our firm’s core values and respect for the land. SolaREIT was a terrific accomplice to work with–their course of is straightforward and environment friendly,” stated James Kane, President and the CEO of the A.D. Makepeace Firm. “Respect for the setting guides all the pieces we do on the A.D. Makepeace Firm and our photo voltaic installations are an essential a part of that.”
Photo voltaic improvement is commonly land and capital intensive. SolaREIT, which launched in late 2020, has a novel mannequin in financing to bridge the hole. SolaREIT companions with photo voltaic builders and landowners to offer a spread of choices for profiting from photo voltaic improvement on their land. SolaREIT’s sensible, streamlined choices for financing photo voltaic land ship most flexibility primarily based on shoppers’ particular person wants, monetary objectives, and imaginative and prescient for his or her land.
“We’re proud to work with A.D. Makepeace on their photo voltaic initiatives. They’re one of many oldest, most well-respected companies in Massachusetts–however photo voltaic is just not their major focus. Our staff labored with them to maximise the worth of their leases, which is able to host photo voltaic for the following 30+ years,” stated Laura Pagliarulo, President of SolaREIT.
Have you ever checked out our YouTube web page?
We’ve a ton video interviews and extra content material on our YouTube web page. Lately we debuted Power Forward! — a collaboration with BayWa r.e. to debate increased stage trade subjects in addition to finest practices / tendencies for working a photo voltaic enterprise at present.
Our longer working aspect undertaking is The Pitch — during which we’ve got awkward discussions with photo voltaic producers and suppliers about their new know-how and concepts in order that you do not have to. We talk about all the pieces from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new dwelling solar + storage microgrids.