Sunnova recently secured a US$300 million equity commitment from Energy Capital Partners. Flickr: Sunnova
Houston-based solar firm Sunnova Energy Corporation has secured a US$175 million warehouse credit facility from Goldman Sachs to help support its continued growth in the residential solar market.
Sunnova recently secured a US$300 million equity commitment from Energy Capital Partners in March.
The firm has now raised nearly US$1.5 billion of funding in three years.
Sunnova chief executive John Berger said: “Our focus on profitability, cash flow and measured, sustainable growth sets us apart in the solar industry. We are committed to growing responsibly and our investors and lenders appreciate that. Goldman Sachs’ financing will allow us to continue to execute on our strategy of bringing consumers a cost-effective, clean choice for their electricity.”
Last year Goldman Sachs announced it would invest US$150 billion in renewables by 2025.
Jun 15 - Jun 16, 2021
The Utility Solar Summit UK will focus entirely on the opportunities in the UK ground-mount space and feature the new technology and advanced innovations allowing asset owners to improve yield in a subsidy free market. Listen to senior market leaders share stories of their successes and manufacturers pushing the envelope for solar PV whilst taking advantage of our enhanced networking features to connect you with your peers onsite; realising the potential of UK utility scale deployment from 2020 and beyond.