SolaREIT Expands Revolving Credit Facility to $80 Million with Atlantic Union Bank and EagleBank
MWN-AI** Summary
SolaREIT™, a leading solar and battery storage real estate investment company based in Virginia, has successfully expanded its revolving credit facility to $80 million, marking the fourth increase in three years. This expansion was made possible through enhanced commitments from Atlantic Union Bank and its syndication partner, EagleBank, with Atlantic Union Bank serving as the sole book runner and administrative agent for the facility.
The upsize reflects strong market confidence in SolaREIT’s business model and the growing demand for financing solutions within the solar and energy storage sectors. The added capital will enable SolaREIT to better support solar and battery developers, helping them to maximize the value of their real estate assets while facilitating the deployment of clean energy technologies. Laura Pagliarulo, CEO and Co-founder of SolaREIT, expressed enthusiasm about the ongoing partnership with Atlantic Union Bank and EagleBank, emphasizing the critical need for reliable and flexible financing solutions in the current market. The expanded facility is anticipated to accelerate project completion timelines for developers.
John Lester, SVP at Atlantic Union Bank, praised the operational execution of SolaREIT, affirming the robust demand for their financing capabilities. Similarly, Toby Haggerty of EagleBank highlighted SolaREIT's established presence in the renewable energy sector, indicating strong mutual support for scaling their real estate platform.
Since its founding in 2020, SolaREIT has facilitated real estate financing for projects valued at approximately $5 billion, demonstrating its commitment to advancing the clean energy economy. As a minority and women-owned business, SolaREIT aims to play a pivotal role in shaping the future of renewable energy through innovative financing solutions tailored to developers’ needs.
MWN-AI** Analysis
SolaREIT’s recent expansion of its revolving credit facility to $80 million through partnerships with Atlantic Union Bank and EagleBank signals a robust confidence in the renewable energy sector, particularly in solar and battery storage investment. This marks the fourth increase in their credit facility within three years, illustrating sustained market demand for innovative financing solutions within the clean energy landscape.
In a time of heightened urgency for renewable energy projects, developers require reliable and flexible financing to accelerate timelines for project completion. SolaREIT’s ability to provide capital solutions tailored to the specific needs of developers and landowners strengthens its position in the market, making it an attractive option for investors looking for exposure to the burgeoning clean energy sector.
The favorable cost of land capital from SolaREIT not only benefits developers but also aligns with broader trends towards energy independence and sustainability. Given the recent global push towards renewable energy, backed by government incentives and public demand, SolaREIT is well-poised for growth and increased market share.
Investors should monitor SolaREIT’s continued performance following this credit expansion. If the company can leverage this new capital effectively, it could witness significant growth in its project financing capabilities, bolstering its revenue streams. Additionally, as environmental policies increasingly favor green initiatives, firms like SolaREIT could see an influx of projects, amplifying their financings' impact on both the company and the economy at large.
In conclusion, SolaREIT’s expansion represents not only a strategic opportunity for the company but also signifies broader market confidence in the potential of clean energy initiatives. Investors should consider SolaREIT as a viable option within a diversified portfolio focused on sustainable and impactful investments.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
PR Newswire
Fourth Upsize in Three Years Demonstrates Strong Market Confidence
Competitive Cost of Land Capital Benefits Storage and Solar Developers Across the Country
VIENNA, Va., Jan. 12, 2026 /PRNewswire/ -- SolaREIT™, the leading solar and battery storage real estate investment company, announced today the expansion of its revolving credit facility to $80 million through an increased commitment from Atlantic Union Bank (NYSE: AUB) and their syndication partner, EagleBank (NASDAQ: EGBN). Atlantic Union Bank serves as sole book runner and administrative agent for the facility, leading the structuring and syndication efforts.
This marks the fourth upsize of the facility in three years, reflecting confidence in SolaREIT's business model and the increasing demand for storage and solar land financing solutions. The facility provides SolaREIT with additional capital to meet demand from solar and battery energy storage developers. The company's innovative financing solutions help developers and landowners maximize the value of their real estate assets while advancing clean energy deployment.
"We're thrilled to continue our partnerships with Atlantic Union Bank and EagleBank to provide financing solutions to energy storage and solar developers. This expanded facility demonstrates the financial community's confidence in our business model and team," said Laura Pagliarulo, CEO and Co-founder of SolaREIT. "This year is a critical year for developers, and the need for reliable, flexible financing solutions is acute. This increased capital allows us to continue scaling our support for solar and storage projects across the country as developers look to complete projects on an accelerated timeline."
"This fourth expansion of SolaREIT's credit facility demonstrates both their excellent execution and the robust demand for solar and storage land financing," said John Lester, SVP and commercial relationship manager at Atlantic Union Bank. "We're proud to continue growing our partnership with a company that's helping accelerate clean energy deployment through innovative real estate solutions."
"EagleBank is pleased to support SolaREIT as they continue to scale their renewable energy real estate platform," said Toby Haggerty, SVP and C&I Relationship Manager at EagleBank. "Their approach and established presence in the sector make them a strong partner, and we look forward to continuing to work together."
Energy storage and solar development require significant real estate investment. SolaREIT partners with developers and landowners to provide capital solutions that optimize land value and support project development. The company's practical, streamlined financing options deliver maximum flexibility based on clients' individual needs, financial goals, and vision for their land. SolaREIT has provided real estate financing for the land under $5 billion in projects since its founding.
About SolaREIT™
SolaREIT™, based in Virginia, is an innovative renewable energy real estate company focused on delivering financing solutions for solar and battery energy storage developers. SolaREIT, a minority and women-owned business, was founded in 2020 as a Real Estate Investment Trust (REIT) by clean energy industry veterans with a proven track record in finance, project development, real estate, and community solar. The team is passionate about renewable energy and believes that solar and battery energy storage land financing plays a critical role in expanding the clean energy economy.
About Atlantic Union Bank
Headquartered in Richmond, Virginia, Atlantic Union Bankshares Corporation (NYSE: AUB) is the holding company for Atlantic Union Bank. Atlantic Union Bank has branches and ATMs located throughout Maryland, Virginia and parts of North Carolina. Certain non-bank financial services affiliates of Atlantic Union Bank include: Atlantic Union Equipment Finance, Inc., which provides equipment financing; Atlantic Union Financial Consultants, LLC, which provides brokerage services; and Union Insurance Group, LLC, which offers various lines of insurance products.
About Eagle Bancorp, Inc. and EagleBank
Eagle Bancorp, Inc. is the holding company for EagleBank, which commenced operations in 1998. EagleBank is headquartered in Bethesda, Maryland, and conducts full service commercial banking through 12 offices, located in Suburban, Maryland, Washington, D.C. and Northern Virginia. EagleBank focuses on building relationships with businesses, professionals and individuals in its marketplace.
SOURCE SolaREIT
FAQ**
How does the expansion of SolaREIT's revolving credit facility to $80 million, supported by Atlantic Union Bankshares Corporation AUB, impact its capacity to finance solar and battery storage projects across the country?
What specific factors led Atlantic Union Bankshares Corporation AUB and EagleBank to express confidence in SolaREIT's business model, resulting in this fourth upsize of the credit facility?
In what ways does SolaREIT's partnership with Atlantic Union Bankshares Corporation AUB and EagleBank enhance their ability to provide innovative financing solutions for energy storage and solar developers?
How does SolaREIT plan to utilize the increased capital available from Atlantic Union Bankshares Corporation AUB to address the acute need for reliable financing solutions in the renewable energy sector?
**MWN-AI FAQ is based on asking OpenAI questions about Atlantic Union Bankshares Corporation (NYSE: AUB).
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