Solar Landscape raises $847 million for rooftop solar projects
Author: PPD Team Date: December 12, 2024
Solar Landscape, a US-based commercial and community solar developer, has raised $847 million in project investment and financing in 2024.
This funding will support the deployment of over 200 rooftop solar installations across the country.
Additionally, the company has secured contracts for developing solar projects on 40 million square feet of commercial and industrial rooftop space.
The financing was raised through partnerships with 10 investors and counterparties, including KeyState Renewables, Silicon Valley Bank, Prologis, and Walmart.
KeyState Renewables committed $184 million in tax equity to fund 101 solar projects with a combined capacity of over 100 MW. Silicon Valley Bank led a $283 million green loan for commercial rooftop solar projects.
Prologis, collaborating with Solar Landscape since September 2024, will help develop and finance solar projects across 30 million square feet of rooftop space.
Walmart’s investment in 74 projects in Maryland and Illinois is expected to generate 43 MW of solar capacity.
