Sunrun raises US$244.5 million for US residential growth

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US residential solar PV and energy storage installer Sunrun has secured a US$244.5 million of senior secured credit facilities from a syndicate of lenders for future growth.

The loan is secured due to being associated with power purchase agreements and leases available to Sunrun after distributions to tax equity investors.

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The credit facility matures on October 20, 2024.

In August, Sunrun said it had reached the milestone of 1GW of cumulative solar installations in the second quarter of 2017, after 10 years of business operations.

At the same time, Sunrun reiterated full-year deployment guidance of 325MW, reflecting a 15% year-over-year growth rate.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

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