31 July 2012 (Solar Industry)
“Borrego Solar Systems, Inc., a designer, installer and financier of grid-tied solar photovoltaic systems, has closed a new $64.4 million fund to finance solar energy projects for corporate, education and municipal customers.”
“Minneapolis-based U.S. Bank and Washington, D.C.-based National Cooperative Bank (NCB) invested in the new fund, which is Borrego Solar's largest since 2009 and brings its total amount of capital raised to over $225 million…[T]he fund will be used to build more than 18 MW of solar energy systems, totaling eight projects, including four municipal landfill installations and one school district…”
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