Sunrun residential solar+battery securitization — leases + PPAs (16,686 systems, 17 states + DC)
Sunrun prices $201M residential solar+battery ABS — single-tranche A-rated; 80% advance rate; 2.46% yield (lowest spread inception-to-date). 16,686 systems in 17 states + DC. WAvg FICO 749.
$201M
Deal Value
Solar
Technology
Multi-state
Location
Deal Details
- Deal Type
- Project Finance
- Seller / Sponsor
- Sunrun Inc. (NASDAQ: RUN)
- Buyer / Financier
- ABS investors
- Deal Value
- $201M (single-tranche A-rated; 80% advance rate; 2.46% yield)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Sunrun
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 residential solar + storage securitization — 4th 2025 securitization, 15th since 2015
Sunrun → ABS investors (Class A senior notes); large global asset manager (subordinated non-recourse debt)
$441M (A-rated loan + retained BB-rated loan + subordinated non-recourse debt)
Sunrun residential solar + battery system leases/PPAs — record-setting senior securitization
Sunrun → ABS investors (multi-tranche)
$886.3M
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.