Monday, July 28, 2014

SunPower Raises $44.5M In Debt For Solar Leasing

San Jose-based solar power company SunPower said this morning that it has raised $44.5M in a debt funding, from Hannon Armstrong Sustainable Infrastructure Capital. SunPower said the funds will go to help finance its residential solar lease program. Terms of that debt were not disclosed. SunPower said the new funding comes on top of an earlier, $42M debt financing deal it announced in early April with Hannon Armstrong.