pv magazine: New solar REIT to make long-term solar loans

2019-08-03T00:08:40+00:00

By offering long-term solar mortgages that can be repaid from project cash flows, the founders of Radiant REIT plan to meet an industry need. The REIT is starting with a $300 million fund. A new company, Radiant REIT, is inviting loan inquiries from solar developers to refinance short-term debt and buy out tax equity investors. Radiant REIT plans to issue long-term loans that match the duration of a solar project’s lease or power purchase agreement.  The firm expects to make its first loans by the end of the year, as it is “in the middle of closing” a $300 million [...]