Credit Suisse, which just announced its US$200 million partnership with Solar City, has additionally advised that it has committed US$200 million to Sunrun. The investment will help support the purchase and installation of thousands of residential solar systems in the US. Sunrun noted that it installs over US$1.5 million in solar every day and has more than 24,000 customers in ten states.
“Commitment from a new financier highlights the strength and significance of our solar power service model,” said Sunrun co-Founder and CEO Edward Fenster. “This partnership helps support Sunrun’s explosive growth as we give more Americans access to affordable clean power.”
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“The residential solar market is thriving right now, and the model Sunrun created for affordable home solar is driving that success,” said Jerry Smith, managing director of the Credit Suisse Strategic Transactions Group. “For Credit Suisse, this partnership is an opportunity to work with a proven leader in a growing industry while investing in positive environmental change.”