Sunnova to PREPA: Either help, or get out of the way
In a pointed letter to Puerto Rico’s utility, the U.S. residential solar provider, who has been trying to provide power to customers on the island since two hurricanes devastated it earlier this year, blasts the utility for making its job infinitely harder.
Amid devastation, Tesla begins restoring power in Puerto Rico
Current estimates suggest 80% of Puerto Rico is still without power, but thanks to Elon Musk’s efforts at least one children’s hospital has been able to turn the lights on.
Sunnova steps up: CEO, Puerto Rican governor discuss rebuilding island’s grid
The Texas-based residential solar company is in discussions with the governor of the hurricane-ravaged island to help rebuild its grid.
Sunnova snags $1 billion investment in first three months of 2017
Since 2012, the company has raised nearly $2 billion to support its business model of funding projects off its balance sheet.
Seraphim Solar earns confidence of financing firms
In an atmosphere where U.S.-based solar module manufacturers are dropping like flies, it’s nice to see one ramping up production to meet ever-increasing demand for U.S.-made modules.
Sunnova follows Tesla, Sunrun into Hawaiian solar+storage market
The company’s partnership with Sunetric will allow customers to lease solar+storage systems as a package, which will allow them to participate in the island state’s “self-supply” program.
Sunnova uses portfolio to secure $615 million in funding
With the help of Credit Suisse, the residential solar company’s lease/PPA portfolio allowed it to close one of the largest funding rounds in the asset-backed securities market.
Sunnova prepares for its first securitization
The $255 million offering makes Sunnova the latest distributed solar provider to offer securities backed by residential solar assets.
Sunnova breaks into tax equity with $80 million deal
The deal with USBCDC will enable an estimated $200 million worth of solar, and brings Sunnova to over $1.5 billion raised to date.
Sunnova broadens its zero-down loan reach
The EZ Own Loan program is designed to capitalize on the increasing desire of residential solar customers to own their systems without worrying about the trouble of maintaining them.
