Solar Landscape: $175M PGIM Partnership Fuels Growth
- Solar Landscape, a New Jersey-based commercial rooftop solar developer, has partnered with PGIM Private Capital to secure $175 million in long-term debt financing.
- The projects span three million square feet of commercial rooftops.
- Ingrida Soldatova, Senior Principal, Real Assets—Power at PGIM Private Capital, noted that the investment aligns with their commitment to clean energy.
Solar landscape accelerates its mission, securing $175 million in funding through a strategic partnership with PGIM Private Capital. This meaningful investment will fuel the development of 74 new commercial rooftop solar projects across Maryland and Illinois, contributing nearly 43 megawatts of solar capacity to the grid. This initiative addresses community needs, expanding access to enduring energy sources and demonstrating a commitment to environmental responsibility. This critical infusion empowers Solar Landscape to advance its vision of a greener future, expanding its renewable energy footprint. News Directory 3 is pleased to deliver this pivotal development. Discover what’s next for Solar Landscape and their aspiring plans.
Solar Landscape Secures $175M for Rooftop Solar Projects
Updated May 26, 2025
Solar Landscape, a New Jersey-based commercial rooftop solar developer, has partnered with PGIM Private Capital to secure $175 million in long-term debt financing. This investment will support 74 commercial rooftop solar projects across Maryland and Illinois, adding nearly 43 megawatts (DC) of solar capacity to the distributed grid.
The projects span three million square feet of commercial rooftops. Clayton Avent,CFO of Solar Landscape,emphasized the importance of commercial rooftop solar as a readily available energy source,stating that the financing will accelerate project construction. This partnership builds upon Walmart’s tax equity investment from October 2024, with further deployments planned.
Ingrida Soldatova, Senior Principal, Real Assets—Power at PGIM Private Capital, noted that the investment aligns with their commitment to clean energy. Soldatova said that Solar Landscape’s approach of building solar projects on existing commercial buildings allows for rapid and efficient energy deployment close to where it is needed.
More than a dozen projects in Maryland are already energized, with the remaining projects expected to be operational in 2025. This expansion aims to improve community access to sustainable energy sources.
What’s next
With funding secured, Solar Landscape plans to continue expanding its rooftop solar project portfolio, focusing on increasing sustainable energy access in communities across Maryland, Illinois, and beyond.