SolaREIT closes solar lease cope with Massachusetts’ largest cranberry grower

By SB Staff November 17, 2022

SolaREIT, a solar actual property funding fund, has closed a lease buy for greater than 125 acres of land with 31.46 MW of solar. The deal, with A.D. Makepeace Company, North America’s largest cranberry grower and the most important non-public property proprietor in jap Massachusetts, is SolaREIT’s largest but in Massachusetts.

“Solar aligns with our company’s core values and respect for the land. SolaREIT was a great partner to work with–their process is simple and efficient,” stated James Kane, President and the CEO of the A.D. Makepeace Company. “Respect for the environment guides everything we do at the A.D. Makepeace Company and our solar installations are an important part of that.”

Solar growth is commonly land and capital intensive. SolaREIT, which launched in late 2020, has a singular mannequin in financing to bridge the hole. SolaREIT companions with solar builders and landowners to supply a spread of choices for making the most of solar growth on their land. SolaREIT’s sensible, streamlined choices for financing solar land ship most flexibility based mostly on shoppers’ particular person wants, monetary targets, and imaginative and prescient for his or her land.

“We’re proud to work with A.D. Makepeace on their solar projects. They are one of the oldest, most well-respected businesses in Massachusetts–but solar is not their primary focus. Our team worked with them to maximize the value of their leases, which will host solar for the next 30+ years,” stated Laura Pagliarulo, President of SolaREIT.

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Tags: agrivoltaics, business and industrial, solaREIT

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