Billed as the largest yet funding round for a private residential solar service company in the US, Sunnova Energy Corp has secured US$250 million in new funding led by Franklin Square Funds.
Sunnova noted that the new funding brings its total funding at around US$500 million.
“The demand for affordable energy is substantial,” said Sunnova Chief Executive Officer William J. Berger. “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.”
The latest funding round also advised by GSO Capital Partners LP and Triangle Peak Partners, LP.