25 Sep '14, 1pm

Sunrun CEO Sees 100 Percent Growth Rate Continuing Through 2015

Sunrun CEO Sees 100 Percent Growth Rate Continuing Through 2015

NEW YORK -- Sunrun Inc., a closely held provider of rooftop solar systems, will double installations in 2015 for the second straight year, the company’s chief executive officer said. The San Francisco-based company , which relies on affiliated installers to reach about two-thirds of its customers, will expand or open offices in four states this year, Lynn Jurich said today in an interview at Bloomberg News headquarters in New York. Last year, 792 megawatts of photovoltaic panels were placed on U.S. rooftops , a 60 percent increase from 2012, according to data compiled by the Solar Energy Industries Association. “The market’s growing, the value proposition’s there,” Jurich said. “It’s clear that customers want this.” Sunrun serves about 60,000 customers, about three times as many as Vivint Solar Inc. reported in a September filing linked to its initial public offering. More...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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