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.
Rethink repowering or replacing while there is a much more elegant, low risk and retrofit solution available: retrofitting with AR coating. In this second TechTalk webinar, DSM and its ecosystem partners, SternEnergy and Encavis will discuss all the relevant aspects of in-field retrofit AR coating technology and step-by-step procedures from the perspective of investors, maintenance engineers, and asset owners.
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!