Sunnova Energy Corp., a Houston-based residential solar service company, secured an additional $250m in funding.
The round, which brought total funding to approximately $500m, was led by business development companies sponsored by Franklin Square Capital Partners, which are sub-advised by GSO Capital Partners LP, and also included Triangle Peak Partners, LP.
The company will use these funds to continue to grow operations and bring its solutions to more customers across the U.S.
Led by Chief Executive Officer William J. (John) Berger, Sunnova is a solar power company which offers its service through a network of local installation partners who work directly with homeowners.