SolaREIT™, a top company in solar and battery energy storage real estate investment, has completed the purchase of land for Headwater Energy’s 112-megawatt DC solar project in North Carolina. Headwater Energy, a well-known solar developer with experienced industry leaders, collaborated closely with SolaREIT to make the transaction smooth and efficient. The Gum Swamp Solar project will produce clean energy, enough to power 17,000 households in North Carolina each year, representing a major boost to the state’s solar energy capacity.
Laura Pagliarulo, CEO and co-founder of SolaREIT, stated “Developers need reliable, efficient partners who can execute transactions quickly and with minimal friction. 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.”
Michael Cohen, CEO of Headwater Energy, said “Their team clearly understands the demands of solar development, delivering the kind of execution and efficiency that’s vital in today’s market. By handling the land acquisition smoothly, they enabled us to maintain our development schedule and focus our resources on building this significant clean energy resource for North Carolina residents and businesses.”
The Gum Swamp Solar project highlights how acquiring land strategically can speed up the development of solar projects. By buying the land, SolaREIT helps developers free up funds, which they can then use for other important costs in their project plans. This strategy is especially useful in today’s market, where effective and dependable capital use is key to the success of projects.
SolaREIT offers financial solutions to developers and project owners, allowing them to generate income from land and lease values, unlock capital, and lower lease expenses. Beyond land purchases, SolaREIT also offers lease purchases and loans for solar and storage land across all 50 states.
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