Solar Landscape Funding, Investors & Competitors

Solar Landscape has raised $714M across 2 funding rounds, most recently a $150M undisclosed-stage round in August 2026.

Last Solar Landscape funding round

$150M

Undisclosed stage · Aug 2026

Cumulative funding Solar Landscape raised

$714M

across 2 funding rounds

Key investors in Solar Landscape

  • Copenhagen Infrastructure Partners
  • KeyState

Solar Landscape Overview

About Solar Landscape

Solar Landscape is a New York-headquartered developer, owner, and operator of community solar projects across the northeastern and midwestern United States. The company manages over 100 MW of ground-mounted photovoltaic arrays on landfills and brownfields, subscribing local residents and businesses via virtual net metering. Projects operate under New York and Massachusetts programs, delivering bill credits without rooftop installations.


Founded

2012

HQ

United StatesAsbury Park, NJ

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Usage-based

Solar Landscape Funding History

Solar Landscape has raised a total of $714M across 2 funding rounds.

Solar Landscape's first fundraising round was a $564M undisclosed-stage round in December 2024. The most recent completed round was a $150M undisclosed-stage round in August 2026.

Solar Landscape funding rounds

Solar Landscape funding rounds
DateStageInvestorsRaisedDeal Summary
Aug 2026Undisclosed stageCopenhagen Infrastructure Partners (lead)$150MSolar Landscape announced on Aug. 4, 2026 that it secured a development financing facility of up to USD 150 million from Copenhagen Infrastructure Partners through CIP’s Green Credit Fund II. The facility is intended to support a discrete portfolio of about 250 MWdc of mid- and late-stage development assets and will finance earlier-stage project activities such as equipment procurement, interconnection, offtake, and pre-construction sponsor development services. The financing is designed to accelerate Solar Landscape’s distributed solar development platform and expand its execution capacity across a national pipeline. The company said the transaction builds on a year of structured finance activity that included a USD 600 million senior debt facility, a USD 125 million corporate revolving credit facility, and a USD 117 million preferred equity investment, bringing total capital raised over the last three years to more than USD 2.2 billion. Solar Landscape is a distributed energy infrastructure platform built on commercial real estate, focused on scaling distributed solar projects in the U.S. The company’s announcement emphasizes institutional backing and platform growth, while CIP’s involvement reflects its strategy of deploying flexible capital into energy transition infrastructure through Green Credit Fund II.
Dec 2024Undisclosed stageKeyState (lead)$564MSolar Landscape is a leading U.S. commercial and industrial rooftop solar developer, focusing on design-build projects for C&I rooftops. In 2024, the company raised a record $847 million in project investment and financing from debt, equity, and tax equity across 10 partners, enabling deployment of over 200 solar installations powering more than 50,000 households. KeyState Renewables committed $184 million in tax equity through two vehicles to fund 101 projects exceeding 100 MW across 8.5 million square feet of rooftops, coordinating regional banks as tax investors. The company signed contracts for 40 million square feet of additional C&I rooftop space in 2024, requiring over $1 billion in future project financing and supporting 500 MW of solar capacity. Partnerships included Silicon Valley Bank ($283 million green loan), Prologis (September 2024 for 30+ million sq ft), and Walmart (October 2024 investment in 74 projects for 43 MW in MD/IL). Solar Landscape also secured 278 MW under New Jersey's community solar program, far exceeding competitors. The firm closed its storage division to focus on core solar, expecting $7.5 million quarterly op ex savings by H2 2025, without impacting solar operations.

Who has invested in Solar Landscape?

2 investors have backed Solar Landscape across its funding rounds, including Copenhagen Infrastructure Partners and KeyState.

Lead investors include Copenhagen Infrastructure Partners and KeyState.


Solar Landscape Investors

Investors in Solar Landscape by funding rounds participated
InvestorHQRoundsRoleFirst check

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Solar Landscape Competitors

Solar Landscape competitors include listed companies like GE Vernova, TBEA and Siemens Energy India, and private ones like Base Power, Round-the-Clock and Enpal.

Public and private companies comparable to Solar Landscape
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
GE VernovaUnited StatesUnited StatesPublicly listed$38B$3.2B$246B5.4x
TBEAChinaChinaPublicly listed$15B$2.4B$13B1.4x
Base PowerUnited StatesAustin, TXPrivate--$13B-
Siemens Energy IndiaIndiaIndiaPublicly listed$811M$158M$12B10.9x
Round-the-ClockUAEUAEPrivate--$6.1B-
EnpalGermanyBerlinPrivate$1B$24M$2.5B-

Solar Landscape Public Comps

Solar Landscape is still privately-owned, but its public comps include GE Vernova, Reliance Industries, Iberdrola, Siemens Energy, Enbridge, China Yangtze Power, Constellation Energy, Quanta Services, Williams Companies and Enterprise Products.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
GE Vernova$38B$3.2B6.2x5.4x73.5x43.5x
Reliance Industries$110B$20B1.9x1.7x10.4x10.3x
Iberdrola$51B$17B4.4x4.3x13.2x11.8x
Siemens Energy$45B$4.5B2.7x2.4x27.3x16.1x
Enbridge$47B$15B4.2x3.6x13.3x13.3x
China Yangtze Power$13B$11B11.4x11.3x13.9x14.4x
Constellation Energy$26B$5B4.6x3.8x23.5x15.3x
Quanta Services$28B$2.5B3.5x2.7x38.8x26.3x

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Common questions about Solar Landscape

When was Solar Landscape founded?Solar Landscape was founded in 2012.
Where is Solar Landscape headquartered?Solar Landscape is headquartered in Asbury Park, NJ, United States.
Is Solar Landscape publicly listed?No, Solar Landscape is a private, VC-backed company.
How much funding has Solar Landscape raised?Solar Landscape has raised $714M across 2 funding rounds.
What was Solar Landscape's last funding round?Solar Landscape's last funding round was a $150M undisclosed-stage round in August 2026, led by Copenhagen Infrastructure Partners.
Who are Solar Landscape's investors?Solar Landscape's investors include Copenhagen Infrastructure Partners and KeyState.
Which companies are comparable to Solar Landscape?Companies comparable to Solar Landscape include GE Vernova, TBEA, Base Power, Siemens Energy India, Round-the-Clock and Enpal.

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