Clean Energy Economy
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SolaREIT Expands Revolving Credit Facility to $80 Million with Atlantic Union Bank and EagleBank
Prnewswire· 2026-01-12 14:49
Core Insights - SolaREIT has expanded its revolving credit facility to $80 million, marking the fourth increase in three years, indicating strong market confidence in its business model and the demand for solar and battery storage financing solutions [1][2] Company Overview - SolaREIT is a renewable energy real estate investment company based in Virginia, focused on providing financing solutions for solar and battery energy storage developers. It was founded in 2020 and is a minority and women-owned business [4] Financial Developments - The expanded credit facility allows SolaREIT to meet the increasing demand from solar and battery energy storage developers, providing additional capital to support project development [2][3] - Since its inception, SolaREIT has financed land for projects totaling under $5 billion, showcasing its significant role in the renewable energy sector [3] Partnerships - SolaREIT continues to strengthen its partnerships with Atlantic Union Bank and EagleBank, which are crucial for providing financing solutions to energy storage and solar developers [3][4] - The financial community's confidence in SolaREIT's business model is reflected in the support from these banking partners, which enhances SolaREIT's ability to scale its operations [3][5]
XCharge Establishes Dual Global Headquarters in Hamburg, Germany and Austin, Texas, Signaling Strategic Transformation and Strengthened International Market Position
Businesswire· 2025-12-03 12:30
Core Viewpoint - XCharge Limited has established new dual global headquarters in Hamburg, Germany, and Austin, Texas, reflecting a strategic evolution in its global operating structure to align with the expanding clean energy economy [1] Group 1: Company Strategy - The establishment of dual headquarters supports XCharge's long-term strategy to position itself at the center of the rapidly expanding clean energy economy [1]