Solar Landscape, a platform for distributed energy infrastructure built on commercial real estate, closed an oversubscribed $125 million revolving credit facility led by M&T Bank, with participation from Flagstar Bank, Atlantic Union Bank and Valley Bank.
The facility expands an existing relationship between Solar Landscape and M&T Bank, which originally provided the company’s revolving working capital line. As Solar Landscape’s project pipeline and development activity continued to grow, M&T Bank successfully syndicated the facility, increasing available capital to support the company’s accelerating development efforts across its core markets.
The revolving credit facility provides flexible working capital that supports project throughput and execution across Solar Landscape’s growing development pipeline. By funding critical development activities, the facility enables projects to advance more efficiently from origination to construction readiness while maintaining capital deployment across its portfolio.
“Speed-to-power has become one of the defining challenges facing the energy industry,” Clayton Avent, chief financial officer of Solar Landscape, said. “This partnership, led by M&T Bank, is an important piece of our ability to enable our scale and increase throughput in our core markets. The facility strengthens our development platform, supports predictable execution across our pipeline and allows us to bring new megawatts online faster at a time when demand for electricity continues to accelerate.”
The financing complements Solar Landscape’s broader capital strategy and existing project financing facilities, creating a comprehensive funding structure that supports projects from early-stage development through construction and operation.
“Solar Landscape has established itself as a leader in distributed energy infrastructure through its ability to consistently execute at scale,” Brian Clark, head of commercial banking, New Jersey at M&T Bank, said. “We are proud to lead this financing and support the company’s continued growth as it delivers critical energy infrastructure to communities across the country.”
The expanded facility further strengthens Solar Landscape’s ability to advance a growing pipeline of distributed energy projects while maintaining the operational flexibility required to meet increasing demand from commercial real estate owners, utilities and energy consumers. The financing also supports the company’s continued year-over-year EBITDA growth by providing efficient access to development capital that accelerates project execution and deployment.
