Maryland, United States [RenewableEnergyWorld.com] SunEdison announced that it activated a record 86 solar photovoltaic (PV) systems in the U.S. during 2008 with a total capacity of 25.5 megawatts (MW). In the fourth quarter of 2008 alone, the company activated 37 PV systems in the U.S. with a combined capacity of 9.7 MW.
Key to these activations the company said, was financing from Wells Fargo & Company, which announced in March that it had provided US $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.
“Wells Fargo recognizes long-term value in supporting renewable energy. Our advanced control and monitoring technologies provide both our partners and customers transparency into the economic and energy savings that SunEdison solar provides,” said Carlos Domenech, COO of SunEdison.