Sunnova Nets Funding From Goldman Sachs

Posted by Joseph Bebon on May 03, 2016 No Comments
Categories : FYI

Houston-based Sunnova Energy Corp. has secured a $175 million warehouse credit facility from Goldman Sachs, which follows a $300 million equity commitment from Energy Capital Partners in March.

Sunnova says the new funds will help support its continued growth in the residential solar market, and the company has raised nearly $1.5 billion in the past three years.

“We are committed to growing responsibly, and our investors and lenders appreciate that,” comments Sunnova CEO John Berger.

The $175 million debt financing marks the first transaction between Sunnova and Goldman Sachs.

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