Citizen Media Watch

december 18th, 2020

Sunrun Credit Agreement

Posted by lotta

Patrick JobinSenior Vice President, Finance – (415) 373-5206 ”Consumer interest in clean, affordable and resilient power is stronger than ever with increased outages and more time at home. Sunrun responds quickly to meet this need,” said Lynn Jurich, SUNrun`s CEO and co-founder. ”During the quarter, we moved to a digital distribution and operating model optimized to improve our cost structure. In July, we entered into an agreement to acquire Vivint Solar to expand our customer range and improve scale efficiency. With new contracts for virtual power plants, we have increased our profits for customers, increased the acceptance of batteries and launched a new company for the electrification of homes. The customer refers to all parties (i) who have entered into customer or cash sales agreements with us and (ii) for which we have confirmed internally that the applicable solar energy system has received notification of the subsequent procedure or ”NTP” without cancellation. Customer agreements collectively relate to solar electricity sales contracts and solar rentals. Sunrun will soon reach its customers to participate in this program and will begin installation at the end of 2020, with all facilities expected to be completed by August 2023. This new contract with SCE spans a decade at a fixed price and provides Sunrun with recurring incremental revenue from the provision of virtual power plant services to the grid. SCE customers who are interested in participating in the program can purchase or rent a Solar Battery System for the Sunrun Brightbox Home without prior fees and low monthly payments. Owners can learn more about Sunrun Inc.

is active in the U.S. in the design, development, installation, sale, ownership and maintenance of solar energy systems for individuals (projects). The company is busy providing its customers with solar services and products. As of December 31, 2016, the company operated a fleet of solar installations in the United States with approximately 134,000 customers in 16 states and the District of Columbia. The company sells to owners by telephone, field through canvassing and home sales and through retail channels through its strategic partners. Solar services are provided through leases and electricity purchases. It sells solar service offerings and installs solar installations for homeowners via its direct-to-consumer channel. It sells solar installations to homeowners as well as related products such as solar panels, inverters, racking systems and other solar appliances to resellers. Sunrun is holding a conference call for analysts and investors to discuss Pacific Time`s second quarter 2020 results and business outlook at 2:00 p.m. .m Pacific Time. A live audio webcast of the conference call, as well as additional financial information, will be available via the Investor Relations section on the company`s website under

The conference call can also be accessed by telephone at 877-407-5989 (free) or 201-689-8434 (international). After the call on the Sunrun Investor Relations website, an audio playback will be available for about a month. SANTA CLARA, Calif., August 26, 2020 – Silicon Valley Bank (SVB), the World`s Most Innovative Companies Bank and its investors, and Investec Bank plc (”Investec”) have closed $265 million in credit facilities for Sunrun Inc. Silicon Valley Bank was the managing agent and Silicon Valley Bank and Investec coordinated Lead Arrangers.

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