Solops 39 MW Pennsylvania PV project secured land via SolaREIT

SolaREIT completed a land purchase for Solops 39 MW Pennsylvania solar project, enabling financing flexibility and supporting future solar developments.

By Prudhvi Rani 12 Feb 2025 | Updated On 13 Feb 2025 11:56 IST in Project Bytes America Bytes

New Update

Solops developed over 3GW of solar projects across 30 states, with a recent 39 MW project securing funding through a swift 45-day land transaction. Image Source: Solareit

Virginia-based SolaREIT, a real estate firm financing solar and storage, has completed a land purchase for a 39 MW (AC) solar project in Pennsylvania for Solops. Solops, a Denham Capital portfolio company, is a commercial and industrial IPP, has developed over 3 GW of photovoltaic solar projects across 30 states with $2.1 billion in financing. The transaction closed in under 45 days, allowing Solops to use the proceeds as a lower-cost alternative to traditional development capital for other projects. SolaREIT provided financial solutions to developers and project owners to monetize land and lease value, free up capital, and reduce lease costs. In addition to land purchases, SolaREIT offered lease purchases and solar and storage land loans across all 50 states. SolaREIT’s recent projects include the 112MW Gum Swamp Solar collaboration with Headwater Energy.

#LandAcquisition #PennsylvaniaSolar #SolaREIT #Solops

Advertisment {'id': '67acc83ead8629e84413743a', 'source_name': 'SolaREIT', 'source_link': 'https://www.solareit.com/press-releases/solareit-solops', 'contact_name': 'SolaREIT', 'contact_email': '[email protected] '}

Advertisment

Scan to join our channel