Sungevity, Rabobank launch USD-50m residential solar fund
Oct 14, 2011 - US residential solar power installations provider Sungevity said Thursday it had established a USD-50-million (EUR 36m) fund with Dutch unlisted lender Rabobank to finance residential solar lease projects.
The fund will back the expansion of Sungevity's operations. The company has already secured funds for more than USD 175 million in residential solar projects. It is now operating in eight US states, including major solar power destinations as Arizona and California.