With the help of CIT Group, the China-based company hopes to kickstart its U.S. solar portfolio with this first infusion of cash.
The most recent funding influx means the California battery maker has secured $114 million to date, and the company has hinted at trying to break into the Chinese market.
The PV module manufacturer announced it had partnered with CleanFund Commercial PACE Capital to offer financing for its commercial customers through its SolarPACE program.
PV power plants: Corporations want in on the falling costs and predictable prices of wind and solar. Bilateral power purchase agreements have emerged as one new business model among several that businesses are employing as they get serious about renewable energy, both in the United States and abroad.
The lawsuit alleges that workers were not given the warning required under federal law, and attorneys are additionally enquiring about bounced paychecks.
The EV, solar and battery company has filed to issue $750 million in convertible notes and another one million shares of stock in advance of its Model 3 roll-out.
The deal with USBCDC will enable an estimated $200 million worth of solar, and brings Sunnova to over $1.5 billion raised to date.
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