SunRun Gets $630 Million to Install Rooftop Solar Power
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Sunrun Inc., a closely held rooftop solar power provider, won financing from investors including JPMorgan Chase & Co. to install more than $630 million of residential systems.
Sunrun, which purchases and installs solar power equipment for homes and then sells the output to homeowners under 20-year lease agreements, now has commitments to finance more than $2 billion in projects, co-founder and co-chief executive officer Ed Fenster said today in a statement.