Residential solar service provider Sunnova announced that it has gained an additional US$250 million in funding, which it will use to help provide PV energy to more customers across the US.
The funding was made possible thanks to the efforts of business companies sponsored by Franklin Square Capital Partners, which was also advised by GSO Capital Partners LP and Triangle Peak Partners. Barclays served as the placement agent to Sunnova as part of the deal.
The funding deal is the largest round raised by a private residential solar service company in the US and now gives Sunnova around half a billion dollars in funding.
William J. Berger, chief executive office of Sunnova, said: “The demand for affordable energy is substantial. The rapid growth Sunnova is experiencing in the markets we serve is propelled by our dedication to provide high-quality resources in support of our market leadership and customer service.”