14 Oct '11, 9pm

Sungevity, Rabobank Team Up with $75 million Residential Solar Leasing Fund

Sungevity, Rabobank Team Up with $75 million Residential Solar Leasing Fund

Pioneering one-stop residential solar systems provider Sungevity and Holland multinational Rabobank have teamed up to establish a residential solar fund that will support over $50 million of new residential solar lease projects around the US, Sungevity announced today. Sungevity’s business has been growing fast lately: monthly sales have grown 10-fold since January while employee headcount has tripled to around 300. This year, the Oakland-based company entered into a partnership with Lowe’s and began what’s turning out to be a successful expansion on the East Coast. “This new fund will support Sungevity’s rapid growth and momentum, and address our project finance needs as we enter the next high growth phase for our company,” Mac Irvin, Sungevity’s CFO , stated. “We are pleased to partner with Rabobank, an established leader in financing renewable energy projects, as we inv...

Full article: http://cleantechnica.com/2011/10/14/sungevity-rabobank-te...

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