San Diego, California-based residential solar company OneRoof Energy has entered into an agreement to sell its residential solar assets to Greenbacker Residential Solar for US$8 million in cash.
San Diego, California-based residential solar company OneRoof continues to wind down US operations, this time with a default under its head office lease.
Neo Solar creates a new IPP for PV projects, Vivint Solar secures US$200m in tax equity, OneRoof closes new fund, and Mexico to small-medium-scale residential solar t by 71%.
Residential PV services provider OneRoof Energy, a subsidiary of OneRoof Energy Group, has signed a US$50 million construction loan facility with Black Coral Capital, a current investor in the company. In addition, Black Coral has funded US$9.05 million of working capital in secured non-convertible notes to support solar 2.0 national growth strategy.
BayWa r.e.is set to offer a new finance product for its US-based solar distribution customers, in which consumer financing from Spruce Finance will provide contractors and homeowners with a simple and affordable PV loan process.
