Vivint Solar closes a tax equity investment fund with new investor

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Vivint Solar closed a tax equity investment fund with a new investor, with an aggregate funding commitment of $75 million, which will enable the company to install more than 45 megawatts of residential solar energy systems.

This is company’s first investment fund with this tax equity investor. The investment will enable Vivint Solar to design, procure, and build low-cost, clean solar energy systems for more than 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."

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Vivint Solar currently operates in Arizona, California, Connecticut, Hawaii, Maryland, Massachusetts, New Jersey, New Mexico, New York, Pennsylvania, South Carolina, and Utah.