SPAC-backed Sunlight expands solar financing

Spartan Acquisition Corp. II-backed Sunlight Financial Services committed to fund another roughly $2.5 billion in residential solar and storage systems sold and installed by Sunlight partners over the next three years.  

The deal expands on a partnership between Sunlight and Tech CU, which is a Silicon Valley-based credit union. Officials expect the new commitment to fund 75,000 solar systems, which should produce enough solar energy to avoid more than 7.5 million metric tons of carbon dioxide emissions into the atmosphere.

Apollo Global Management-backed SPAC Spartan Acquisition Corp. II . . .

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