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CDPQ supports Sunrun, a leader in the U.S. residential solar industry

Sector: Commercial • Location: Canada

Source: Caisse de dépôt et placement du Québec

Project
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La Caisse de dépôt et placement du Québec (“CDPQ”) announced today a US$40-million (CA$50.4 million) loan related to a portfolio of solar energy systems originated by Sunrun Inc. (“Sunrun”), a U.S. leader in residential solar energy. This transaction is part of the US$234.5-million senior secured credit facility closed by Sunrun on October 20th, 2017.Founded in 2007, Sunrun designs, develops, inst

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The project “CDPQ supports Sunrun, a leader in the U.S. residential solar industry” is an infrastructure initiative in the Commercial sector, located in Canada. Taiyo aggregates data on it from Caisse de dépôt et placement du Québec.

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Description

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La Caisse de dépôt et placement du Québec (“CDPQ”) announced today a US$40-million (CA$50.4 million) loan related to a portfolio of solar energy systems originated by Sunrun Inc. (“Sunrun”), a U.S. leader in residential solar energy. This transaction is part of the US$234.5-million senior secured credit facility closed by Sunrun on October 20th, 2017.Founded in 2007, Sunrun designs, develops, installs, sells and maintains residential photovoltaic solar energy systems. With deployed installations of 1,027 MW as of June 30, 2017, the California-based company serves over 135,000 customers in 22 states and Washington, D.C. false false false In October of 2017, CDPQ presented its investment strategy to address climate change, which sets out targets and means for making a constructive contribution, as an investor, to the transition toward a low carbon global economy. To consult our investment strategy to address climate change false false false ABOUT SUNRUN Sunrun (Nasdaq: RUN) is the United States largest dedicated residential solar, storage and energy services company with a mission to create a planet run by the sun. Since establishing the solar as a service model in 2007, Sunrun leads the industry in providing clean energy to homeowners with little to no upfront cost and at a savings to traditional electricity. The company designs, installs, finances, insures, monitors and maintains the systems, while families receive predictable pricing for 20 years or more. The company also offers Sunrun BrightBox™ solar power generation with smart inverter technology and home battery storage. For more information, please visit: www.sunrun.com. ABOUT CAISSE DE DÉPÔT ET PLACEMENT DU QUÉBEC Caisse de dépôt et placement du Québec (CDPQ) is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans. As at June 30, 2017, it held $286.5 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt. For more information, visit cdpq.com, follow us on Twitter @LaCDPQ or consult our Facebook or LinkedIn pages.

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