Vivint Solar: Collaboration with Blackstone
LEHI, Utah - Vivint Solar (NYSE: VSLR), a leading provider of residential solar energy systems in the United States, announced plans to collaborate with Blackstone to provide clean, efficient solar energy to Blackstone's portfolio of commercial and industrial properties.
"We see great potential and look forward to exploring, with Blackstone, the various opportunities that exist for us to bring solar energy to its commercial and industrial portfolio of properties," said Jan Newman , Vice President of Business Development at Vivint Solar. "To work with the world's largest private equity firm in our efforts to expand into the commercial and industrial market is an exciting position for us."
Vivint Solar recently closed its first solar commercial and industrial investment fund that will enable the company to expand its solar energy offerings to commercial and industrial businesses across the U.S. Blackstone, a premier investment and advisory firm specializing in private equity, credit and hedge fund investment strategies, currently maintains in its portfolio a vast assortment of commercial and industrial properties.
"Blackstone is excited to work with Vivint Solar to explore possibilities within our portfolio," said Don Anderson , Chief Sustainability Officer at Blackstone. "We've watched Vivint Solar grow over the past few years and look forward to bringing the benefits of solar power to our family of companies."
About Vivint Solar
Vivint Solar is a leading provider of distributed solar energy – electricity generated by a solar energy system installed at a customer's location – to residential customers in the United States. Vivint Solar's residential customers pay little to no money upfront, receive significant savings relative to utility generated electricity and continue to benefit from guaranteed energy prices over the 20-year term of their contracts. Vivint Solar finances, designs, installs, monitors and services the solar energy systems to make things easy for its customers. For more information, visit www.vivintsolar.com