![](https://solarindustrymag.com/wp-content/uploads/2024/02/LauraKlein-696x928.jpg)
SolaREIT has closed on a revolving credit score facility with Atlantic Union Financial institution (AUB), offering the corporate with an extra $30 million of liquidity and permitting it to scale the enterprise.
The Virginia-based firm gives builders and landowners with capital options for photo voltaic or battery storage growth on their land. It’s the second revolving credit score facility the companions have closed with AUB, the primary being a $15 million facility introduced final 12 months.
“We’re thrilled to accomplice with Atlantic Union Financial institution once more to offer financing options to scrub power builders,” says Laura Klein, CFO of SolaREIT. “The financing panorama is evolving for photo voltaic and BESS builders shortly, and builders want the monetary flexibility that SolaREIT can present. The revolving credit score facility with Atlantic Union Financial institution permits us to proceed to develop our choices to assist clear power tasks throughout the nation.”