BANK, SOLAR CO, BUILDING

SunEdison Activates a Record 86 PV Energy Systems in 2008; Wells Fargo Provided Majority of Financing
April 13, 2009 (Business Wire)

"SunEdison, North America’s largest solar energy services provider, …activated a record 86 photovoltaic (PV) solar energy systems in the U.S. during 2008 with a total capacity of 25.5 MW (DC). In the fourth quarter of 2008 alone, the company activated 37 PV systems in the United States for a combined capacity of 9.7 MW (DC).

"Key to these activations was financing from Wells Fargo & Company, which announced in March that it had provided $250 million in equity capital to solar energy projects since fall of 2007. More than half of this amount was for PV solar energy systems developed by SunEdison."

The Staples/SunEdison/Wells Fargo investment will pay off big in the long run. (click to enlarge)

"A recent… Wells Fargo investment …[was] developed by SunEdison and Q-Cells and hosted by Staples at its distribution center in Rialto, California. The 441 kW system is operated by SunEdison and includes 1,960 Solar Semiconductor modules using Q-Cells solar cell technology…

"In 2008, the SunEdison distributed solar portfolio performed at over 100% of expected generation capacity. SunEdison finances, builds, and operates PV solar energy systems for leading utilities, commercial/REIT and governmental organizations… "