Sungevity Receives $125 Million for Rooftop Solar Power Systems
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Sungevity Inc., a closely held developer of rooftop solar systems, received $125 million in venture capital and project financing to expand its U.S. leasing service.
Energy Capital Partners is providing $50 million of mezzanine debt and “a leading commercial bank” is providing $35 million in equity investments that will fund additional solar panel installations on homes in nine states, Chief Executive Officer Andrew Birch said by telephone.