Sunrun & HASI Form New $500 Million Joint Venture to Accelerate Distributed Power Development
Key Takeaway
This $500M JV between Sunrun and HASI injects substantial capital into distributed solar and storage, creating significant development opportunities and expanding options for large power consumers seeking resilient, localized energy solutions.
AI Summary
- •Sunrun and HASI have established a new $500 million joint venture specifically to finance distributed solar and battery storage assets.
- •This partnership significantly boosts capital availability for distributed energy projects, accelerating their development and deployment across residential and potentially commercial sectors.
- •For developers, this JV represents a substantial new funding source for distributed solar and storage projects, potentially streamlining financing and expanding project pipelines.
- •For large power consumers, the increased investment in distributed resources signals a growing market for localized energy solutions, offering more options for on-site generation, resilience, and participation in grid services.
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Article Content
HA Sustainable Infrastructure Capital, Inc. (“HASI”) (NYSE: HASI), a leading investor in sustainable infrastructure assets, and Sunrun Inc. (Nasdaq: RUN), America’s largest provider of home battery storage, solar, and home-to-grid power plants, today announced the closing of an innovative joint venture to finance distributed energy assets. The partnership is expected ... [continued] The post Sunrun & HASI Form New $500 Million Joint Venture to Accelerate Distributed Power Development appeared first on CleanTechnica .