Dallas, TX, May 19, 2025 – PGIM Private Capital established a $175 million PGIM Private Shelf Facility to fund the construction and operations of Solar Landscape’s new rooftop community solar projects. The initial deployment out of the shelf will finance approximately 43MW of community solar projects across Maryland and Illinois. Wal-Mart served as the equity tax investor for this transaction. PGIM Private Capital is a leading source of private debt for public and private companies and is the private capital arm of PGIM, the $1.4 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

“PGIM Private Capital is excited for this chance to provide financing for Solar Landscape’s community solar ventures. We are always happy to continue adding to our portfolio of investments in the community solar space,” said Ingrida Soldatova, Senior Principal at PGIM Private Capital.

Solar Landscape is the leading commercial and community solar independent power producer in the United States. They have deployed nearly 500 megawatts of renewable energy projects – totaling over $1 billion in capital investment – and leased 100+ million square feet of commercial rooftops.

“We greatly value PGIM Private Capital’s support for our commercial rooftop solar construction and operations. We appreciate this opportunity to continue supporting America’s communities through clean energy initiatives and driving our Country’s energy dominance agenda through the rapid deployment of shovel-ready power to the distributed grid, sited on commercial rooftops in key areas where the most power is consumed,” commented Nick Federici, Senior Vice President and Head of Investments & Structured Finance for Solar Landscape.

About Solar Landscape

Solar Landscape is the premier commercial rooftop solar developer in the United States, partnering with the world’s largest real estate owners to develop, install, and operate solar projects. Recognized as the #1 Distributed Generation Developer of 2023 by New Project Media and awarded the U.S. Department of Energy’s Community Solar Grand Prize, Solar Landscape is shaping the future of clean energy. Headquartered in Asbury Park, NJ, the company also has offices in New York City, Chicago, Boston, and Baltimore.  Visit www.solarlandscape.com for more information.

About PGIM Private Capital

For nearly 100 years, PGIM Private Capital has been partnering with a wide range of corporations, sponsors, and institutions to provide valuable insights and customized capital solutions that enable them to achieve their growth and funding goals. In an industry where capital can seem like a commodity and relationships are often fleeting and transactional, we strive to build enduring local partnerships based on a steady and patient commitment to our partners’ long-term capital needs. With regional teams in 15 offices around the world, we manage a portfolio of $106.6 billion for our partners (as of 12.31.24).