WELLS FARGO PUTS $120 MIL IN SUN
Wells Fargo Enters Funding Agreement With SunEdison
26 April 2011 (Solar Industry)
"Wells Fargo & Co. and SunEdison LLC, a subsidiary of MEMC Electronic Materials, have signed an agreement by which Wells Fargo subsidiaries will invest up to $120 million to fund U.S. solar photovoltaic distributed-generation power projects developed by SunEdison over the next year."
This SunEdison built commercial rooftop solar installation is a perfect example of the distributed generation Wells Fargo will help fund. (click to enlarge)
"…[T]he program builds on a SunEdison solar investment fund established in 2007, in which Wells Fargo invested more than $200 million in approximately 150 solar projects developed by SunEdison in eight states…"