Solar Landscape, a U.S.-based commercial rooftop solar developer, has closed an oversubscribed $125 million revolving credit facility led by M&T Bank. Flagstar Bank, Atlantic Union Bank, and Valley Bank participated in the facility.

The revolving credit facility will provide working capital to support development activities across Solar Landscape’s project pipeline. The company said the funding will help projects move from origination to construction readiness.

Solar Landscape said the facility will support development efforts across its core markets. The financing will support front-of-the-meter solar and energy storage projects. The company said the facility complements its broader capital strategy and existing project financing facilities, which support projects through development, construction, and operation.

“Speed-to-power has become one of the defining challenges facing the energy industry,” said Clayton Avent, Chief Financial Officer of Solar Landscape. “This partnership, led by M&T Bank, is an important piece of our ability to enable our scale and increase throughput in our core markets. The facility strengthens our development platform, supports predictable execution across our pipeline, and allows us to bring new megawatts online faster at a time when electricity demand continues to accelerate.”

The company attributed the need for additional development capital to rising electricity demand across the U.S. Solar Landscape also said the financing supports its year-over-year growth in earnings before interest, taxes, depreciation, and amortization by providing access to development capital.

The financing expands Solar Landscape’s existing relationship with M&T Bank, which had provided the company with a revolving working capital line. As Solar Landscape’s project pipeline and development activity increased, M&T Bank syndicated the facility to raise the amount of available capital.

In May 2026, the company secured a $600 million green-labeled senior debt warehouse facility to support its distributed solar project pipeline across the U.S. 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.

Additionally, Solar Landscape closed a $175 million long-term partnership in 2025 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, debt financing for the solar sector reached $8.9 billion across 28 deals, a 154% increase compared to the $3.5 billion secured in 23 deals in Q1 2025.