SunPower, Citi to Finance solar lease projects | Equipment Engine

SunPower Corp and Citigroup have formed a new fund of $105 million to enable the solar panel maker extend its lease to customers in eight states, the companies said.

A solar lease is a financing option that provides the use of a solar equipment in exchange for a monthly lease payment.

Citi is contributing $80 million to the fund that will expand the lease option?s reach in Massachusetts, Arizona, California, Colorado, Hawaii, New Jersey, New York and Pennsylvania.

Read More: http://www.reuters.com/article/2011/07/28/sunpowercor-idUSL3E7IS4BE20110728

Source: http://lendersolutions.equipmentengine.com/2011/07/29/sunpower-citi-to-finance-solar-lease-projects/?utm_source=rss&utm_medium=rss&utm_campaign=sunpower-citi-to-finance-solar-lease-projects

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