Tag: Vivint Solar
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Vivint Solar closes $313 million term loan facility
Vivint Solar closed a $313 million term loan facility, which refinanced 11 tax equity funds that were part of the company’s aggregation facility. The term loan facility provides back-leverage financing for a portfolio of 12 tax equity funds that own over 307 megawatts and 47,000 residential solar energy systems acrossRead More — Solar Builder magazine
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Vivint Solar to start offering Renovate America’s PACE financing option
Vivint Solar, Inc. a leading national provider of residential solar energy systems, and Renovate America, the leading provider of residential Property Assessed Clean Energy (PACE) financing, are collaborating to expand access to rooftop solar for homeowners. By offering Renovate America’s HERO program as its PACE financing option, Vivint Solar isRead More — Solar Builder magazine
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Two top solar installers announce new financing deals this week
SolarCity Corp. and Vivint Solar both had announcements on new financial vehicles this week. The details: SolarCity SolarCity closed a new tax equity fund to finance over $131 million in residential, commercial and military solar projects. The financing partner was not disclosed. The fund covers the capital cost of solarRead More — Solar Builder magazine
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SunEdison, Vivint Solar merger off, Vivint citing breach of agreement
You may recall back in July 2015 when SunEdison announced its acquisition of residential solar systems provider Vivint Solar for a reported $2.2 billion. Well, the deal was scheduled to expire this month, and ahead of that deadline, Vivint Solar delivered a letter to SunEdison, Inc. last night notifying itRead More — Solar Builder magazine
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Solar CEOs say they will cease operations in Nevada if proposed tariff changes go through
Nevada is on the verge of voting on a drastic change to its rate structure that would retroactively affect anyone who has already installed solar based on the original net metering tariff. Residents and several solar CEOs are unhappy with this sudden change in direction. From the Las Vegas Review-Journal:Read More — Solar Builder magazine