NYSE:HASI

SunPower Secures More Than $300M in Project Financing Commitments for Industry-Leading Residential Solar and Storage Lease Programs

Retrieved on: 
Friday, February 23, 2024
Sustainability, ATLAS, APO, SunPower, HASI, Renewable energy

RICHMOND, Calif., Feb. 23, 2024 /PRNewswire/ -- SunPower Corp. (NASDAQ:SPWR), (the "Company" or "SunPower"), a leading residential solar technology and energy services provider, today announced that it has secured over $300 million in project financing commitments from funds managed by Apollo (NYSE: APO) (the "Apollo Funds"), ATLAS SP Partners, ("ATLAS SP") and Hannon Armstrong Sustainable Infrastructure Capital, Inc. (NYSE: HASI) ("HASI") for its residential solar and storage lease programs, which will be paid upon installation. The transaction supports SunPower's ability to offer a variety of attractive financing options to its customers, advancing its mission to change the way our world is powered.

Key Points: 
  • "SunPower's financing agnostic model is a differentiator in the industry and gives customers the ability to choose the best financing product for their needs," said Peter Faricy, SunPower CEO.
  • This includes amendments to its existing first lien financing and a second lien term loan from Sol Holding LLC.
  • Since 2010, SunPower has provided solar lease financing options to customers through its network of residential solar dealers across the U.S., new home builders where the company holds a market-leading position and direct sales teams.
  • SunPower lease contracts made up 73% of SunPower Financial originated volume in the fourth quarter of 2023 compared to 26% in the fourth quarter of 2022.

HASI Announces Fourth Quarter and Full Year 2023 Results, Dividend Increase, Record Closings, and New Three-Year Guidance

Retrieved on: 
Thursday, February 15, 2024
Construction & Property, Environment, Finance, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Professional Services, REIT, Investment, Carbon, HASI, GAAP, Real estate investing, Real estate investment trust, EPS

Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported results for the fourth quarter and full year of 2023.

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in climate solutions, today reported results for the fourth quarter and full year of 2023.
  • Our Board of Director’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.
  • The Company expects its existing net operating losses ("NOLs") and other tax attributes will enable HASI to continue to operate in a tax efficient manner.
  • "Our updated earnings and dividend guidance demonstrates continued confidence in our strategy over the next three years."

HASI Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call

Retrieved on: 
Friday, February 2, 2024
Sustainability, Environment, Finance, Alternative Energy, Energy, Asset Management, Socially Responsible Investing, Professional Services, The Company, Eastern Time Zone, HASI, Online shopping

The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).

Key Points: 
  • The conference call can be accessed live over the phone by dialing 1-877-407-0890 (Toll-Free) or +1-201-389-0918 (toll).
  • Participants should inform the operator you want to be joined to the HASI call.
  • The conference call will also be accessible as an audio webcast with slides on our website.
  • Financial and other material information regarding HASI is routinely posted on the Company's website and is readily accessible.

HASI Announces 2023 Dividend Income Tax Treatment

Retrieved on: 
Thursday, February 1, 2024
Environment, Finance, Utilities, Professional Services, Alternative Energy, Sustainability, Energy, Socially Responsible Investing, Asset Management, REIT

The amount reported as Ordinary Income Per Share is treated as a qualified REIT dividend for purposes of Section 199A.

Key Points: 
  • The amount reported as Ordinary Income Per Share is treated as a qualified REIT dividend for purposes of Section 199A.
  • As the Company's aggregate distributions exceeded its taxable earnings and profits, the January 2024 distribution declared in the fourth quarter of 2023 and payable to stockholders of record as of December 29, 2023, will be treated as a 2024 distribution for Federal income tax purposes and is not included on the 2023 Form 1099.
  • Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

HASI Announces Add-On Private Offering of $100 Million Green Senior Unsecured Notes

Retrieved on: 
Tuesday, January 9, 2024
Other Energy, Professional Services, Utilities, Sustainability, Alternative Energy, Energy, Environment, Construction & Property, Green Technology, REIT, Finance, Climate Change, Person, HAT, Sale, HASI, Regulation, Nature, Note, Security (finance)

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced, subject to market conditions, a private offering of $100 million in aggregate principal amount of 8.00% green senior unsecured notes due 2027 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”).

Key Points: 
  • Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“HASI,” “our,” or the “Company”) (NYSE: HASI), a leading investor in climate solutions, today announced, subject to market conditions, a private offering of $100 million in aggregate principal amount of 8.00% green senior unsecured notes due 2027 (the “Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”).
  • The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the Notes and those with disbursements to be made following the issue date.

HASI Upsizes and Prices Add-On Private Offering of $200 Million of Green Senior Unsecured Notes at a Yield to Maturity of 7.08%

Retrieved on: 
Wednesday, January 10, 2024
Environment, Construction & Property, Climate Change, Environmental Health, Utilities, REIT, Sustainability, Alternative Energy, Green Technology, Energy, Person, HAT, Sale, Investment, HASI, Regulation, Nature, Note, Security (finance)

The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.

Key Points: 
  • The Notes will be additional notes and form part of the same class as the Company’s existing 8.00% green senior unsecured notes due 2027.
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • The offering was upsized from the previously announced $100 million in aggregate principal amount.
  • The Notes have been priced at 102.75%, plus accrued interest with a yield to maturity of 7.08% and yield to worst of 7.02%.

HASI Invests in 605 MW Renewables Portfolio Owned and Operated by AES

Retrieved on: 
Thursday, January 4, 2024
Utilities, Environment, Alternative Energy, Green Technology, Energy, Environmental Health, Climate Change, Partnership, Multimedia, Wind, AES, Photograph, AES Corporation, Growth, Renewable energy

View the full release here: https://www.businesswire.com/news/home/20240104710826/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240104710826/en/
    Pictured: Illustrative solar and solar-plus-storage projects included in the HASI and AES renewables portfolio.
  • In January 2023, HASI announced a common equity investment with AES in an approximately 1.3-GW portfolio of operating utility-scale solar and wind projects.
  • Additionally, HASI and AES' clean energy business in the U.S. have a six-year track record of successful solar land transactions.
  • “HASI is immensely proud to advance our partnership with AES with this latest transaction,” said Susan Nickey, Chief Client Officer of HASI.

HASI Announces Conversion to C-Corporation

Retrieved on: 
Thursday, December 21, 2023
Environment, Commercial Building & Real Estate, Construction & Property, Climate Change, Environmental Health, Utilities, REIT, Alternative Energy, Green Technology, Energy, HASI, Real estate investing, Real estate investment trust, Renewable energy

The Board’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.

Key Points: 
  • The Board’s decision was made after careful consideration of all relevant implications and is not expected to have any material impact on the Company’s business or operations.
  • The Company expects its existing net operating losses ("NOLs") and other tax attributes will enable HASI to continue to operate in a tax efficient manner.
  • "We've concluded that our optimal tax structure moving forward is to cease electing REIT status in 2024," said Jeffrey A. Lipson, President and CEO of HASI.
  • "This change leaves our investment strategy intact and provides greater flexibility to capitalize on the tremendous growth opportunities associated with the clean energy transition."

HASI Upsizes and Prices Private Offering of $550 Million of Green Senior Unsecured Notes to Invest in Near-Term Opportunities at Attractive Yields

Retrieved on: 
Tuesday, December 5, 2023
Other Energy, Commercial Building & Real Estate, Utilities, Construction & Property, Alternative Energy, Energy, REIT, Other Construction & Property, HASI, Sale, Nature, NYSE, Note, HAT, Person, SEC Rule 144A, Regulation, Security (finance)

At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.

Key Points: 
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • The offering was upsized from the previously announced $500 million in aggregate principal amount.
  • The settlement of the Notes is expected to occur on December 7, 2023, subject to customary closing conditions.
  • The Company estimates that the net proceeds from the offering of the Notes will be approximately $543 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses.

HASI Announces Proposed Private Offering of $500 Million Green Senior Unsecured Notes to Invest in Near-Term Opportunities at Attractive Yields

Retrieved on: 
Monday, December 4, 2023
Environment, Construction & Property, Other Energy, Environmental Health, Utilities, REIT, Sustainability, Alternative Energy, Energy, Other Construction & Property, HASI, Sale, Nature, NYSE, Note, HAT, Person, SEC Rule 144A, Regulation

At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.

Key Points: 
  • At issuance, the Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P. and Hannon Armstrong Capital, LLC.
  • The primary rationale for the issuance is to fund ten identified near term opportunities in the pipeline across Behind-the-Meter, Grid-Connected and Fuels, Transport, and Nature markets and at weighted average anticipated yield of approximately 11%, resulting in mid-teen Return on Equity.
  • These eligible green projects may include projects with disbursements made during the twelve months preceding the issue date of the Notes and those with disbursements to be made following the issue date.
  • Additional investment opportunities have also already been identified and are consistent with the Company’s normal course investment profile.