Solar Landscape, a U.S.-based commercial rooftop solar developer, has secured a $600 million green-labeled senior debt warehouse facility to support its distributed solar project pipeline across the U.S.

The financing comprises a $350 million three-year revolving construction warehouse and a $250 million delayed draw term loan facility with a five-year tenor.

The facility is anchored by a 146 MW portfolio of community solar projects under construction and in late-stage development in Illinois, New Jersey, Maryland, and Minnesota. The company said the structure also allows future portfolios across community solar and front-of-the-meter distributed generation markets, including Pennsylvania, Virginia, and New York.

A syndicate of banks and institutional lenders provided the funding, including First Citizens Bank, which led the transaction, alongside KeyBank National Association and National Bank of Canada, with National Bank of Canada serving as Green Loan Structuring Agent. Atlas, Apterra Infrastructure Capital, Siemens Financial Services, and BankUnited served as joint lead arrangers. Mitsubishi HC Capital America and Amalgamated Bank also participated in the financing.

“This financing marks a meaningful evolution in how we fund and scale distributed energy,” said Clayton Avent, Chief Financial Officer of Solar Landscape. “As our pipeline has grown, so has the need for a structure that can keep pace. This facility allows us to deploy capital more efficiently across multiple portfolios and markets, increasing the speed at which we can bring new capacity online.”

Solar Landscape said the financing will support project execution as it expands solar and energy storage deployment.

In May 2025, Solar Landscape announced a $175 million long-term partnership with PGIM Private Capital, a private capital arm of PGIM, to finance its growing portfolio of projects that feed electricity directly into the distributed grid, initially across Maryland and Illinois.

According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, announced large-scale solar project funding increased by 61% in Q1 2026 compared with the funding raised in the same period in 2025.