Summary by Moomoo AI
Sunrun Inc., a leading provider of residential solar energy solutions, has submitted a Form ABS-15G to the SEC, indicating compliance with Rule 15Ga-2 under the Exchange Act. The report, dated September 6, 2024, includes a third-party due diligence report by Leidos Engineering, LLC, which reviewed Sunrun's residential photovoltaic solar assets. The report is part of Sunrun's project-level debt and equity financings and assesses the company's methodology for developing energy production estimates, design and construction practices, and operational and maintenance procedures. Sunrun, which operates over 900,000 facilities across 21 states, Washington D.C., and Puerto Rico, has demonstrated the capability to construct and operate facilities with a projected useful life of at least 35 years. The due diligence findings confirm that Sunrun's practices are consistent with industry standards and that the company has obtained necessary environmental permits and approvals for its operations.
