Tag: Vivint Solar
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Vivint Solar closes on $811 million in new financing (largest securitization of residential PPAs ever)
Vivint Solar has closed on $811 million aggregate principal amount of debt financing comprised of two separate transactions. The first is a capital markets issuance by its wholly-owned subsidiary, Vivint Solar Financing V, LLC, of $466 million aggregate principal amount of Solar Asset Backed Notes, Series 2018-1. The offering wasRead More — Solar Builder magazine
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Vivint Solar sued by New Mexico attorney general, claiming its PPAs ‘cloud titles’
New Mexico Attorney General Hector Balderas took aim at Vivint Solar, Inc. in a lawsuit filed last week, claiming “unfair and unconscionable business practices, including clouding titles to consumers’ homes, fraud and racketeering in connection with its residential solar power purchase agreements and solar equipment.” A bold claim to beRead More — Solar Builder magazine
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GTM: Sunrun tops SolarCity as lease sales leader, and more residential solar sales stats
2017 isn’t quite the banner year for solar that 2016 was. Aside from the trade case drama, it has also been a tumultuous year for the big names in the residential solar space. Three of the largest installers, including NRG Home Solar, Sungevity and Direct Energy Solar, have gone bankruptRead More — Solar Builder magazine
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Vivint Solar expands residential solar services into Delaware
Vivint Solar, a full-service residential solar provider, has expanded availability of its affordable solar energy systems into Delaware. Following this expansion, Vivint Solar now operates in 21 states. Delaware’s renewables portfolio standard (RPS) targets to achieve 25 percent of its power from renewables by 2025, with 3.5 percent required fromRead More — Solar Builder magazine
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Vivint Solar signs deal with ChargePoint to offer EV charging solution
Vivint Solar announced a strategic agreement with ChargePoint, the world’s largest electric vehicle (EV) charging network, to offer ChargePoint Home charging solutions and custom installations directly to residential customers. This is only a few months after Vivint’s deal with Mercedes-Benz. Vivint Solar will work with ChargePoint and other strategic collaboratorsRead More — Solar Builder magazine