Tag: Spruce Finance
-
Spruce Finance lands another $50 million equity investment
Spruce Finance‘s comeback trail continues. The owner and operator of distributed generation assets in the U.S., has received a $50 million equity investment from its owner HPS Investment Partners. This follow-on investment demonstrates HPS’ commitment to Spruce and the solar asset class, providing support for continued growth through acquisition ofRead More — Solar Builder magazine
-
Spruce Financial closes $208 million secured senior financing of its owned residential solar assets
The revived Spruce Finance, focused now as an owner and operator of distributed generation solar and residential energy assets, just announced the closing of a $208 million senior secured financing of its residential solar assets. The debt financing gives Spruce access to competitively priced capital, further optimizing its capital structureRead More — Solar Builder magazine
-
Spruce Finance sells $250 million solar loan portfolio
Spruce Finance, a provider of consumer financing for residential energy efficiency and solar technology, completed a whole loan sale of $250 million of its efficiency and solar loan portfolio to a large North American bank with expertise in consumer loan assets. This marks the second major sale of loan assetsRead More — Solar Builder magazine
-
New residential solar loan option added by Spruce Finance through its new platform
Spruce Finance Inc. wants to make residential solar finance sales easier than ever by adding a new solar loan to its existing power purchase agreement (PPA) and lease product suite. The loan and PPA are available on Spruce’s new platform, SpruceFlow, which uniquely allows solar companies to offer homeowners multipleRead More — Solar Builder magazine