SunPower Secures More Than $300M in Project Financing Commitments for Industry-Leading Residential Solar and Storage Lease Programs
Builds on the recent capital raise to provide SunPower with access to more than half a billion dollars in financing
RICHMOND, Calif., Feb. 23, 2024 /PRNewswire/ — SunPower Corp. (NASDAQ:SPWR), (the “Company” or “SunPower”), a leading residential solar technology and energy services provider, today announced that it has secured over $300 million in project financing commitments from funds managed by Apollo (NYSE: APO) (the “Apollo Funds”), ATLAS SP Partners, (“ATLAS SP”) and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) (“HASI”) for its residential solar and storage lease programs, which will be paid upon installation. The transaction supports SunPower’s ability to offer a variety of attractive financing options to its customers, advancing its mission to change the way our world is powered.