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.
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.