SunPower gets a $42 million cash injection


U.S. solar manufacturer SunPower has secured $42 million to extend its residential leasing program.

The Californian company yesterday announced it had secured the financial investment in the form of non-recourse debt – a loan with its liability restricted to the property it is secured against – from investor Hannon Armstrong Sustainable Infrastructure Capital.

SunPower, which claims it already has 20,000 U.S. residential customers on its lease program, announced the cash injection would be used to expand the leasing business to more American households.