Sunrun Xanadu 2019-1 — $204M residential solar lease/PPA ABS
Sunrun lease/PPA securitization. 14,379 systems; WAvg FICO 761 (up from 734 in prior 2018 deal). 90.1% from FICO 700+ borrowers.
$204M
Deal Value
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Sunrun Inc.
- Deal Value
- $204M (single A-rated tranche)
- Stage
- Development
- ISO/RTO
- Multiple
Related Deals
Sunrun 2026-1 — $584M residential solar + storage ABS backed by 38,706 customer leases & PPAs across 19 states + DC + Puerto Rico; A-1 notes priced at 220 bps spread (20 bps tighter than 2025 transactions)
Sunrun Inc. → Atlas SP (sole structuring agent + joint bookrunner); BofA Securities, MUFG, Truist Securities (joint bookrunners); ING (co-manager)
$584M
Sunrun securitization — solar lease + PPA pool — $447.1M Class A notes
Sunrun securitization SPV
$447.1M (Class A)
Sunrun residential solar+battery securitization — leases + PPAs (16,686 systems, 17 states + DC)
Sunrun Inc. (NASDAQ: RUN) → ABS investors
$201M (single-tranche A-rated; 80% advance rate; 2.46% yield)
Mortenson acquires Nor-Cal Controls — US solar commissioning and controls services
Nor-Cal Controls → Mortenson
227 MWac operating solar portfolio — 12 projects, Western United States (50% JV interest acquired)
Clearway Energy, Inc. (CWEN) → Fengate Asset Management (for Fengate Infrastructure Yield Fund / LiUNA Pension Fund of Central and Eastern Canada)
Solar Landscape distributed/community solar warehouse facility — anchors 146 MW community solar portfolio across New Jersey, Illinois, Maryland, and Minnesota
Solar Landscape → First Citizens Bank
$600M
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.