The money comes from private-equity firm Energy Capital Partners and a “leading” but unnamed commercial bank. It follows $40m in equity financing Sungevity raised last year from a variety of sources, but led by Brightpath Capital Partners and Lowe’s, the North American home-improvement mega-store.
The project finance is a “powerful vote of confidence”, says chief executive Andrew Birch, and allows the company to expand its solar-leasing offerings across the nine US states it currently targets, mostly in the southwest and northeast regions.
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