GreenFront Energy Partners Advises SolaREIT on Debt Private Placement

Repeatable and Scalable Long Term Debt Solution Expands Real Estate Solutions for Developers

September 17, 2024

GreenFront is pleased to announce the successful closing of SolaREIT’s note issuance to MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. SolaREIT will use the capital to expand real estate lease financing solutions for solar and battery energy storage system (BESS) developers. This transaction is repeatable and scalable, allowing SolaREIT to continue delivering flexible capital solutions to developers nationwide.

“This facility represents a strategic step for SolaREIT. We look forward to a sustained partnership with MIM that maximizes the efficiency of our capital structure, allowing us to work with developers to bring more clean energy to the grid,” said Laura Klein, Chief Financial Officer of SolaREIT.

SolaREIT partners with developers and landowners to provide targeted capital solutions that maximize project profitability. Since its founding in 2020, SolaREIT has provided real estate financing solutions for more than $2.5 billion of solar and BESS projects across the country.

GreenFront served as exclusive financial advisor to SolaREIT.