By [email protected] According to a report in Power Finance & Risk, Goldman Sachs has been retained to help sell Spruce Finance.
Sources tell GTM that Spruce has been trying to sell itself for the past three quarters. Rumors about the future of the company and its leadership are rife.
Spruce is the product of a merger between Clean Power Finance and Kilowatt Financial and provides financing for residential solar, water conservation and energy efficiency. The two merged companies have raised more than $2 billion. In early 2016, Spruce received $175 million from U.S. Bancorp Community Development Corporation to finance residential solar.
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