Tuesday, June 30, 2009

Wells Fargo is into SunPower

Posted By on Tue, Jun 30, 2009 at 1:47 PM

Renewable energy is all the rage these days (thank goodness). For SunPower, that translates into a financial boost.

Wells Fargo, parent company of Charlotte-based Wachovia Corp., will finance the solar power systems that SunPower will design, build, operate and maintain.

Customers hosting the systems will buy the electricity from SunPower.

“We see increasing opportunities over the next several years to support renewable-energy markets,” says Barry Neal, director of Wells Fargo’s environmental finance unit. “By teaming up with SunPower, we intend to support growth in the solar energy market by making it easier and more affordable for businesses and public entities to benefit from solar electricity today.”

Read more from The Charlotte Business Journal.

Here's a clip from a SunPower project at Nellis Air Force Base, in Nevada:

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