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.

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.

3 May 2023
Large Scale Solar Summit is coming back to the US after a sell-out year in 2022! Designed as a meeting place for deal-making, we will not only discuss the most up to date topics and technologies but will also provide varied networking platforms so that developers, EPCs, manufacturers, asset owners, and investors can connect with possible clients and partners. Join us in Texas to meet with the top players in the industry and expand your network as business booms.

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