SunPower Inks Deal To Back Solar Leases
Solar panel maker SunPower (SPWR) said Thursday that it’s signed a deal with debt and equity investment firm Hannon Armstrong Sustainable Infrastructure Capital (HASI) in which Hannon will provide $42 million in non-recourse debt to help finance SunPower’s residential solar lease program. San Jose, Calif.-based SunPower says the transaction allows it to leverage its existing lease assets and expand its program while increasing its cash position