Morgan Stanley will provide tax equity financing for the PPA product in a partnership fund with SunEdison’s yieldco TerraForm Power.
“We look forward to being a long-term owner of these residential assets, which we believe will deliver high quality cash flows and growth to our shareholders from this new market segment," says Carlos Domenech, chief executive of TerraForm Power.
Evolve Solar, a leading residential reseller in the US, will now exclusively sell SunEdison solar products.
