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Stock impact report

HASI, Sunrun Expand Business With $500-Million Joint Venture [Yahoo! Finance]

Sunrun Inc. (RUN) 
NASDAQ:AMEX Investor Relations: investors.sunrun.com/investor-overview
Company Research Source: Yahoo! Finance
storage, solar, and home-to-grid power plants, announced the closing of an innovative joint venture to finance distributed energy assets. The partnership announced January 6 is expected to ultimately finance more than 300 MW of capacity across more than 40,000 home power plants across the country. Under the agreement, which closed last month, HASI will invest up to $500 million over an 18-month period into a newly formed joint venture with Sunrun . HASI's structured equity investment monetizes a portion of the long-term customer cash flows from the underlying projects, while enabling Sunrun to retain a significant long-term ownership position and greater flexibility in structuring senior project debt. This structure is expected to deliver a more efficient cost of capital. The partnership will be accounted for as a consolidated entity on Sunrun's financials. “Together, HASI and Sunrun are accelerating the development of essential infrastructure through home-based energy systems that im Show less Read more
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