Solar Landscape Gains $175M Boost for Rooftop Solar Projects.
Deal News | May 19, 2025 | Pgim Private Capital Ltd
PGIM Private Capital has established a $175 million PGIM Private Shelf Facility tailored specifically for Solar Landscape's new rooftop community solar projects. This marks an extension of PGIM's investment into the renewable energy sector, facilitating the construction of approximately 43MW of community-based solar initiatives across Maryland and Illinois, with Wal-Mart playing a crucial role as an equity tax investor. PGIM Private Capital, under the wider umbrella of PGIM, Prudential Financial's investment management division, is a key private debt player specializing in sustainable community ventures. Solar Landscape stands as a significant independent power producer in the U.S. solar landscape, successfully commissioning nearly 500 megawatts of renewable projects and contributing over $1 billion in capital investment. Their partnerships leverage the world's largest real estate portfolios to support energy transition efforts, a feat celebrated through multiple accolades recognising their industry leadership. Both firms are dedicated to pioneering community solar achievements and progressively meeting future energy demands.
Sectors
- Renewable Energy
- Investment Management
Geography
- United States – The U.S. is central to the activities described in the article, with solar projects being deployed across several states and both PGIM and Solar Landscape headquartered domestically.
- Maryland and Illinois – These states are specified as locations for the deployment of the 43MW community solar projects funded through the PGIM Private Shelf Facility.
Industry
- Renewable Energy – The article revolves around initiatives in the renewable energy sector, specifically focusing on solar energy projects, representing a significant push towards sustainable energy generation.
- Investment Management – PGIM Private Capital's role in funding Solar Landscape falls under the investment management sector, securing capital for growth within renewable projects.
Financials
- $175 million – The amount allocated from PGIM Private Capital for the construction and operation of Solar Landscape's rooftop solar projects.
- 43MW – The total megawatt capacity of solar energy projects funded by the initial deployment from the facility.
- $1 billion – The total capital investment attributed to Solar Landscape's renewable energy projects.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PGIM Private Capital | PE Firm | Company | A private debt financier focused on providing capital for private and public companies as part of PGIM, a sector within Prudential Financial. |
| Solar Landscape | Target Company | Company | An independent power producer leading in commercial and community solar project deployments in the U.S. |
| Wal-Mart | Equity Tax Investor | Company | Served as the equity tax investor in the $175 million facility for supporting the solar projects. |