Dive Brief:

• Bank of America Merrill Lynch is providing SunPower with financing to support about $220 million in residential solar rooftop lease projects.
• The agreement extends the relationship between Bank of America and SunPower, which had focused on governmental and commercial customers. SunPower has about 20,000 solar leases.
• “This is consistent with our firm's overall 10-year, $50 billion environmental business initiative to help address climate change, reduce demands on natural resources and advance lower-carbon economic solutions,” said Todd Karas, Bank of America Merrill's head of renewable energy finance.

Dive Insight:

This is just one more example of the expanding financing options solar developers are finding. Another sign that the sector is maturing.