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Sunrun | ABS-15G: Asset-backed securitizer report pursuant to Section 15g of the Securities Exchange Act of 1934

SEC announcement ·  Mar 28 09:04
Summary by Moomoo AI
Sunrun Inc., a leading provider of residential solar energy solutions, has submitted a report to the Securities and Exchange Commission (SEC) under Form ABS-15G, Rule 15Ga-2, detailing the findings and conclusions of a third-party due diligence report by Leidos Engineering, LLC. The report, dated March 18, 2024, evaluates Sunrun's residential photovoltaic solar assets, including those with battery energy storage systems. Leidos reviewed Sunrun's energy production estimates, project development processes, and operational and maintenance (O&M) practices. As of December 31, 2022, Sunrun has installed over 750,000 facilities across 21 states, Washington D.C., and Puerto Rico, and employs a staff of over 12,000. The due diligence report confirms that Sunrun's design and construction methods are consistent with industry practices and that the company has...Show More
Sunrun Inc., a leading provider of residential solar energy solutions, has submitted a report to the Securities and Exchange Commission (SEC) under Form ABS-15G, Rule 15Ga-2, detailing the findings and conclusions of a third-party due diligence report by Leidos Engineering, LLC. The report, dated March 18, 2024, evaluates Sunrun's residential photovoltaic solar assets, including those with battery energy storage systems. Leidos reviewed Sunrun's energy production estimates, project development processes, and operational and maintenance (O&M) practices. As of December 31, 2022, Sunrun has installed over 750,000 facilities across 21 states, Washington D.C., and Puerto Rico, and employs a staff of over 12,000. The due diligence report confirms that Sunrun's design and construction methods are consistent with industry practices and that the company has the capability to construct and operate new facilities. The report also includes an assessment of Sunrun's methodology for estimating energy production, which Leidos found to be conservative. Sunrun's O&M practices were found to be in line with industry standards, and the company has obtained the necessary environmental permits for construction and operation of the facilities. The report is part of Sunrun's project-level debt and equity financings related to the facilities.

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