SolarCity secures funds for commercial solar and storage systems

LinkedIn
Twitter
Reddit
Facebook
Email

SolarCity’s commercial rooftop mounting solution, ZS Peak. Image: SolarCity.
US residential installer SolarCity has closed US$150 million of financing to fund the deployment of commercial solar and storage systems.

The facility, provided by Credit Suisse, will be securitised against a portfolio of commercial installations and the associated contracts.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The company said it will install the systems for businesses, schools and public sector organisations.

“Our asset portfolio enables us to continually bring in new capital from top tier institutional and corporate investors,” said Jeff Munson, director, structured finance, SolarCity. “Additionally, our proprietary, in-house technology provides us competitive advantages that have led us to become one of the top commercial solar providers in the US,” he claimed.

The systems will include deployment of the company’s ZS Peak, East-West flat roof mounting structures made under the Zep Solar brand which was bought by SolarCity in 2013, along with the company’s DemandLogic battery management platform, used by businesses to cut the demand charge portion of their electricity bills.

Credit Suisse is the sole structuring agent on the deal, reprising its role from SolarCity’s previous rounds of securitisation of residential contracts.

DemandLogic readout. Image: SolarCity.

Read Next

July 10, 2025
Australia’s DCCEEW has announced plans to streamline the Capacity Investment Scheme (CIS) by transitioning to a one-stage process.
Premium
July 8, 2025
Listing via the Hong Kong Stock Exchange is emerging as a key financing pathway for China’s energy storage players, writes Carrie Xiao.
July 8, 2025
Major Australian energy generator-retailer EnergyAustralia has sold a 50% share in its 1,400MWh Wooreen battery energy storage system (BESS) to Thailand-based energy firm Banpu Public Company.
July 8, 2025
Renewable energy developer Ampyr Australia has reached financial close on its 300MW/600MWh Wellington Stage 1 BESS in New South Wales.
July 7, 2025
The Victoria government has fast-tracked a 400MWh battery energy storage system (BESS) being developed by Green Power Generation (GPG) Australia.

Most Popular

Email Newsletter