Solar and battery energy storage real estate investment company SolaREIT announced the closing of a land purchase for Headwater Energy’s 112-MWDC solar project in North Carolina. Headwater Energy worked closely with SolaREIT to ensure a smooth and efficient transaction. Gum Swamp Solar will generate clean energy to power the equivalent of 17,000 North Carolina households annually.
“Developers need reliable, efficient partners who can execute transactions quickly and with minimal friction,” said Laura Pagliarulo, CEO and co-founder of SolaREIT. “We’re excited to work with Headwater Energy as their team has an outstanding track record of success in building high-quality solar assets. In a wait-and-see market, SolaREIT provides developers with reliable financing for real estate that removes variables from their cost of capital equation.”
The Gum Swamp Solar project demonstrates how strategic land acquisitions can accelerate solar development. By purchasing the project land, SolaREIT enables developers to redirect capital to cover other critical expenses for projects in their pipeline. This approach is particularly valuable in today’s market, where reliable and efficient capital deployment is crucial for project and pipeline success.
News item from SolaREIT
