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About the Episode:
Laura Pagliarulo, the President & Founder of SolaREIT, talks about the financing solutions that her company provides to solar and battery storage developers. She discusses various acquisition strategies, including buying land beneath solar projects during construction or operation, and acquiring leases through lump-sum payments. SolaREIT's unique financial tools offer developers flexible capital that can mean the difference in hundreds of thousands, even millions in returns later in the project cycle. With a rich background in energy markets from her SunEdison and Clean Choice Energy days, Laura and the SolaREIT team deeply understand the developer’s pain. And the products she has structured do bridge the gap most developers experience between good project and reliably solid outcome.
Key Takeaways:
Finance Solution: SolaREIT's novel alternative for land acquisition financing for solar and battery developers highlights the necessity and utility of innovative financial solutions in scaling up more renewable developers.
Value Addition: Laura explains how they’re actually paying MORE for purchase options or reducing lease rates that drive bottom line returns.
Strategic Timing: SolaREIT works with developers usually at Financial NTP of the project, which could be up to a year before final construction.
NOTEWORTHY QUOTE:
“Solar and battery storage developers need alternative financing solutions for the land that hosts their projects, whether it’s alone against the lease value, whether it’s buying an easement, or whether it’s purchasing the fee simple, and that’s what we’re here to do.”
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ABOUT THE HOST OF SUNCAST:
Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.
Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.
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If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.