Silicon Valley Bank financed 62% of US community solar
US Federal Deposit Insurance Corp. (FDIC) closed down Silicon Valley Bank last week after its share price plunged due to ongoing bond-market losses, triggering $42 billion of withdrawals.
Spruce’s solar portfolio is collateral for $105.4 million in debt financing
The deal, financed by Investec and Silicon Valley Bank, will be fund more systems around the country for the residential solar financier.
