16 Aug '11, 9am

Citigroup Creates Multimillion Dollar Equity Fund For Sungevity

Citigroup Creates Multimillion Dollar Equity Fund For Sungevity

Sungevity is now operating in seven other states besides California: Arizona, Colorado, Delaware, Massachusetts, Maryland, New Jersey and New York. On July 26, 2011 Sungevity launched its Rooftop Revolution, a new campaign that expanded Sungevity to the Northeast (New York, New Jersey, Maryland, Massachusetts and Delaware). The campaign, which lasts until September 4, 2011, is based on a “bio-diesel, solar-powered ice pop truck,” as a press release put it. The company is using the ice pops as a way to “symbolize solar energy as the refreshing alternative to fossil fuel.” The new equity fund by Citigroup supports Sungevity’s “rapid growth and momentum,” said Mac Irvin, Chief Financial Officer of Sungevity , “including our recent expansion to the East Coast and our significant partnership with Lowe’s.”

Full article: http://www.triplepundit.com/2011/08/citigroup-multimillio...

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greentechmedia.com 15 Aug '11, 3pm

A new mandate not to buy renewable energy actually appears to violate an existing law that mandates that the state buy 50 ...