Post Tagged with: "Spruce Finance"

Spruce Finance just added 12 megawatts of residential solar to its portfolio

Spruce Finance just added 12 megawatts of residential solar to its portfolio

July 11, 2019 at 1:26 pm Comments are Disabled

Spruce Finance, a leading owner and operator of distributed generation solar and residential energy assets in the U.S., announced it has acquired a significant portfolio of residential assets. The acquisition reflects Spruce’s growth strategy, which is centered around continued expansion of its operating portfolio and servicing platform. Spruce’s acquisition ofRead More

Spruce Finance lands another $50 million equity investment

Spruce Finance lands another $50 million equity investment

May 17, 2019 at 10:21 am Comments are Disabled

Spruce Finance‘s comeback trail continues. The owner and operator of distributed generation assets in the U.S., has received a $50 million equity investment from its owner HPS Investment Partners. This follow-on investment demonstrates HPS’ commitment to Spruce and the solar asset class, providing support for continued growth through acquisition ofRead More

Spruce Financial closes $208 million secured senior financing of its owned residential solar assets

Spruce Financial closes $208 million secured senior financing of its owned residential solar assets

May 6, 2019 at 1:54 pm Comments are Disabled

The revived Spruce Finance, focused now as an owner and operator of distributed generation solar and residential energy assets, just announced the closing of a $208 million senior secured financing of its residential solar assets. The debt financing gives Spruce access to competitively priced capital, further optimizing its capital structureRead More

Spruce Finance sells $250 million solar loan portfolio

Spruce Finance sells $250 million solar loan portfolio

June 22, 2017 at 12:56 pm Comments are Disabled

Spruce Finance, a provider of consumer financing for residential energy efficiency and solar technology, completed a whole loan sale of $250 million of its efficiency and solar loan portfolio to a large North American bank with expertise in consumer loan assets. This marks the second major sale of loan assetsRead More

Spruce Finance with big increase in tax equity, project debt financing

Spruce Finance with big increase in tax equity, project debt financing

January 24, 2017 at 12:17 pm Comments are Disabled

Spruce Finance, a provider of consumer financing for residential solar and energy efficiency improvements, has raised tax equity and project debt transactions to support $445MM in residential solar power purchase agreements (PPA) and leases in 2017. “Spruce’s proven record of growth, strong risk management and reliable returns has allowed usRead More

New residential solar loan option added by Spruce Finance through its new platform

New residential solar loan option added by Spruce Finance through its new platform

September 14, 2016 at 11:02 am Comments are Disabled

Spruce Finance Inc. wants to make residential solar finance sales easier than ever by adding a new solar loan to its existing power purchase agreement (PPA) and lease product suite. The loan and PPA are available on Spruce’s new platform, SpruceFlow, which uniquely allows solar companies to offer homeowners multipleRead More