Sunlight Financial — residential solar/home improvement point-of-sale financing platform
Sunlight Financial completed business combination with Apollo-sponsored Spartan Acquisition Corp. II. Stockholder approval July 8, 2021; closed July 9, 2021. NYSE listing as SUNL July 12, 2021. $250M PIPE. Financing platform for residential solar contractors nationwide. Backed by Tiger Infrastructure, FTV Capital pre-merger.
$1.30B
Deal Value
Solar
Technology
NC
Location
Deal Details
- Deal Type
- SPAC Merger
- Seller / Sponsor
- Sunlight Financial LLC
- Buyer / Financier
- Spartan Acquisition Corp. II (Apollo-affiliated SPAC)
- Deal Value
- $1.3B (combined company value)
- Stage
- Operating
- ISO/RTO
- Multiple
- Source
- Business Wire
Related Deals
Buckleberry Solar — Solar project, NC (CPLE). MW not publicly disclosed.
Buckleberry Solar, LLC → Duke Energy Progress, LLC
Baron Solar — 5 MW utility-scale solar PV, Anson County, North Carolina; first US project to reach financial close primarily on supplier-tier Scope 3 REC commitments
Headwater Energy → Ever.green (REC structurer); Microsoft-supplier consortium (Slalom Consulting, Centific Technologies, ImagiCorps, BDA, Eleven 11 Solutions, TASA Analytics, Visionet Systems) committed long-term REC offtakes
Sumac + Sweetleaf Projects — 222 MWdc solar (NC)
Geenex → CleanChoice Energy
222 MW
Innovative Solar 54 — Solar project, NC (CPLE). MW not publicly disclosed.
Innovative Solar 54, LLC → Duke Energy Progress, LLC
Brantley Farm Solar — Solar project, NC (CPLE). MW not publicly disclosed.
Brantley Farm Solar, LLC → Duke Energy Progress, LLC
FH Capital acquires 75.1% controlling stake in Jinko Solar (U.S.) Industries Inc. — 2 GW solar module manufacturing facility in Jacksonville, Florida (AllianceFlorida at Cecil Commerce Center, ~650 employees) plus a growing US BESS manufacturing line. JinkoSolar Holding retains 24.9%.
JinkoSolar Holding Co., Ltd. (NYSE: JKS) → FH Capital
$191M (per Nikkei Asia)
Get deals like this in your inbox
Free weekly clean energy deal intelligence. Every Monday.