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.
Like
rivals
SolarCity
and
SunRun,
Sungevity
installs
PV
panels
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