BayWa, OneRoof agree to separate financing deals

Facebook
Twitter
LinkedIn
Reddit
Email
OneRoof's new financial deal closes approximately US$20 million for the company. Image: OneRoof Energy

BayWa r.e.is set to offer a new finance product for its US-based solar distribution customers, in which consumer financing from Spruce Finance will provide contractors and homeowners with a simple and affordable PV loan process.

BayWa r.e’s national dealer database will now have access to Spruce loan products in order to help them expand their businesses and assist consumers when it comes to deciding on their energy choices.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

These Spruce loans allow members of BayWa r.e’s dealer network to build up their cash intake and spur management while also offering intriguing financing to homeowners.

Boaz Soifer, CEO of BayWa r.e. Solar Systems, noted: “Spruce’s loans are a great addition to our finance program. They will allow independent installers to grow with fewer constraints and compete with larger national players.”

In separate financial news, residential solar services provider OneRoof Energy announced on Thursday that it has completed the final tranche of a previously committed financing in the principal amount of US$20 million — consisting of secured convertible notes issuable to Black Coral Capital LLC under the same terms and conditions as the company’s outstanding subordinated convertible notes.

Each note issued under the Convertible Note is convertible into common shares of One Roof Energy at the option of the holder at the conversion price of CDN$0.055 for the first year after the closing and at a conversion price of CDN$0.10 per Common Share for the remainder of the term of the notes issued thereunder.

This financing will be utilised for general working capital purposes, including general and administrative, IT development and investment in solar projects.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

July 10, 2025
German renewables company BayWa r.e. has secured a €3 billion (US$3.5 billion) loan for 'operational initiatives and pipeline expansion.'
July 9, 2025
Indian solar water pump and motor manufacturer Shakti Pumps has successfully raised INR2.9 billion (US$34.1 million) to build a solar cell and module manufacturing plant.
July 7, 2025
In Europe, PV panel prices fell marginally between May and June, leading to a slight downturn in European module buyers’ market confidence.
July 4, 2025
Chinese PV provider Skycorp Solar Group has announced a solar plant acquisition and development strategy following unanimous board approval.
Premium
July 3, 2025
Meeting the UK’s solar targets will not simply require the installation of new capacity, but investment in grid infrastructure and training.
June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK