Utah-based residential solar developer Vivint Solar has secured $200m in funding from an undisclosed investor.
The funding will be used to continue Vivint Solar’s operations of delivering solar solutions to homeowners.
Brendon Merkley, COO of Vivint Solar, said, ‘This new funding reinforces market confidence in our ability to expand our leadership in the residential solar space.
‘Since 2011, we have leveraged Vivint’s sales and internal infrastructure to build a solar business that has exceeded our installation goals consistently each quarter.’
Vivint Solar’s statement, citing the US PV Leaderboard published by GTM Research, said the company was the country’s second largest residential solar installed in the first quarter of 2013.
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