Discover our upstream and downstream technical journals

CDPQ, an investment firm based in Quebec, is providing a US$40 million loan to US residential solar company Sunrun.

The fund is part of a senior secured credit facility by Sunrun worth USD$234.5 million.

California based Sunrun serves more than 135,000 customers throughout 22 states and Washington DC with 1,027MW installations. It offers homeowner solar power electricity with no upfront cost and predictable long-term pricing that is cheaper than conventional electricity.

CDPQ, which is already active in the North American solar industry, sees its investment as a good opportunity to enter the US residential sector.

Last month it set targets to transition toward a low carbon economy in its investment strategy to access climate change.

Marc Cormier, executive vice president at fixed income CDPQ, said: “While generating stable returns in the long term, this financing is also aligned with our strategy to increase our low carbon investments 50% by 2020.”

Tags: residential, solar pv, us, canada, sunrun, cdpq, california, rooftop

Solar Media Events

Solar & Storage Finance USA Virtual Summit

Nov 17 - Nov 19, 2020

Virtual Event

Solar & Storage Finance USA Virtual Summit, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2020 for its 7th edition!

Find out more