HA Sustainable Infrastructure Capital (HASI) and Sunrun have closed a joint venture to finance distributed energy assets, investing up to $500 million over 18 months. The partnership will finance over 300 MW of capacity in 40,000 home power plants. HASI’s structured equity investment will monetize customer cash flows, providing Sunrun with greater flexibility in project debt structuring.

HASI and Sunrun are accelerating the development of home-based energy systems, improving grid reliability and addressing power demand. The innovative financing structure allows for an efficient capital structure, benefiting both companies and customers. HASI focuses on sustainable infrastructure investments, while Sunrun offers home energy systems through a subscription model nationwide.

The joint venture between HASI and Sunrun marks a significant milestone in financing residential storage and solar projects. The partnership leverages Sunrun’s expertise in home energy systems and HASI’s strength in providing differentiated capital solutions. With over $15 billion in managed assets, HASI invests in various sustainable infrastructure assets, while Sunrun empowers customers with greater energy control and grid support.

Read more at Yahoo Finance: HASI, Sunrun Expand Business with $500 Million Joint Venture