US Bancorp has invested massive amounts in the renewable energy market, despite the set-backs experienced in the market. This shows confidence in the future of solar, wind, and other
Two weeks ago, Bancorp announced it would invest $100 million with SunPower Corp. (NASDAQ: SPWR) to install solar-power systems on the roofs of 3,000 US homes. Bancorp is the lead investor, with SunPower holding a “meaningful stake”.
[…] So far, SunPower has pretty much secured $530 million in financing for these leased residential solar systems. It has developed some 13,000 leased systems and sold around 47,000 rooftop solar systems to residences who already own their own systems.
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