Tuesday, June 25, 2013
Sunrun Gets $630M For Solar Project Financing
San Francisco-based Sunrun, a provider of solar leases and power purchase agreements, said Tuesday evening that it has raised $630M in financing, for the purchase and installation of home solar projects. The firm said the funding came from J.P. Morgan as well as other investors. The company said it has now raised more than $2 billion in funds for home solar. Sunrun's solar leases allow homeowners to install solar power on their roofs without a large upfront payment, by agreeing to pay for the power generated by those panels.