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 . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.