Connect with us

Hi, what are you looking for?


Clean Power

Vivint Solar Closes $75 Million Investment For 45 MW Of Residential Solar

Struggling US residential solar provider Vivint Solar has closed a $75 million tax equity investment fund for the creation of more than 45 MW of residential solar capacity.

vivint-solarVivint Solar has been struggling for the past year or so, with net losses despite regular installation highlights. In the first quarter of 2016, in the wake of its fallout with SunEdison over a possible acquisition, the company reported a net loss of $31.2 million, despite increases in bookings and installations.

But Vivint Solar has been steadily signing new financing deals, including a $200 million financing effort to fund US residential solar projects back in March.

The company has followed this up this week with a new tax equity investment fund created with an unnamed investor. The fund, worth $75 million, will enable Vivint Solar to install more than 45 MW of residential solar energy systems, or approximately 7,200 new residential customers.

“We are very pleased to announce this new tax equity partnership,” said Thomas Plagemann, Executive Vice President and Head of Capital Markets for Vivint Solar. “This investment fund demonstrates our continued ability to raise critical financing and the confidence of new investors to partner with Vivint Solar as a leading provider of residential solar in the United States.”

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like

Clean Power

Sunrun has acquired Vivint Solar to become the largest roof top solar company in America.

Clean Power

There was plenty of positive solar energy news this month. Aside from the 63 solar stories we've published so far, below are 10 more...

Clean Power

CITE Research recently conducted a survey for Vivint Solar and found that 70% of Americans would support a nationwide mandate requiring that solar panels...

Clean Power

Vivint Solar, the second-largest residential solar provider in the United States, announced on Tuesday that it has closed a $325 million revolving warehouse credit...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.