Commercial and industrial (C&I) rooftop solar developer Solar Landscape has secured $847 million in project investment and financing, representing the largest transactional volume in a single year for the company.
The funding will allow Solar Landscape to build over 200 commercial rooftop solar installations. The projects will span more than 8.5 million square feet of C&I rooftops.
It also announced that in 2024, the company had signed contracts for 40 million square feet of additional C&I rooftop space to build solar projects.
The company partnered with 10 investors and financing counterparties in order to raise the funds. KeyState Renewables committed to investing $184 million in tax equity and is coordinating several regional banks as tax investors.
In 2024 alone, Solar Landscape leased 40 million square feet of commercial rooftop space across the country. It now has over 80 commercial real estate partners that in total own over 2 billion square feet across the U.S.
“The surge in U.S. grid energy demand makes commercial rooftops ideal for solar,” said Shaun Keegan, CEO and Co-Founder of Solar Landscape, in a statement. “At Solar Landscape, we’ve led the design-build process for these projects since 2012, standing apart by being vertically integrated and forming lasting partnerships with real estate clients. We began as a construction company and we’ve built a reputation for delivering on our promises and fostering genuine relationships with our partners.”
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