14 Feb '12, 4pm

San Diego Solar Energy Provider Closes $47mm Project Fund

San Diego Solar Energy Provider Closes $47mm Project Fund

San Diego solar PV system designer, installer and project developer Borrego Solar today announced the closing of a new $47-million fund with US Bank and East West Bank , the purpose of which is to finance solar energy projects for corporate, education and municipal customers. Among the projects the new fund will finance is 6 MW of solar energy systems in California that includes ten projects for three school districts. Also included are two Massachusetts solar power installations, one of which — of 4.7 MW — is expected to be the largest of its kind in the state. Taken together Borrego’s solar energy projects are expected to create some 400 local jobs while generating clean, long-term renewable energy for nearly 2,000 homes. The new fund builds on previous success the two banks have had with Borrego and financing its solar energy projects. The two banks partnered with Borre...

Full article: http://cleantechnica.com/2012/02/14/san-diego-solar-energ...

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