Solar Landscape, a US-based developer of distributed solar projects, has secured a $175 million shelf debt facility from PGIM Private Capital to finance 74 rooftop solar projects in Maryland and Illinois. The projects, totaling 43MW DC, are being installed on 3 million square feet of commercial rooftops and will supply power directly to local distribution grids. According to Solar Landscape, the facility allows phased drawdowns as each project reaches construction readiness. Several Maryland sites have already been energized, and the remaining projects are scheduled for completion by 2025. PGIM Private Capital said the investment aligns with its strategy to grow clean energy infrastructure near end users. The agreement also complements Walmart’s tax equity investment announced in October 2024 and strengthens Solar Landscape’s access to long-term capital for distributed rooftop solar deployment.
Solar Landscape secures $175M US debt facility for rooftop solar
A $175M institutional debt facility from PGIM Private Capital will fund Solar Landscape’s 74 rooftop solar projects totaling 43 MW across Maryland and Illinois.
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