The fund will be used to construct 6MW of solar energy systems in California including ten projects for three school districts.

The fund also includes two Massachusetts solar power installations, one of which is expected to have a capacity of 4.7MW.

The solar power projects are expected to generate enough electricity to power nearly 2,000 homes.

Borrego Solar builds, operates and maintains the solar power system for corporate, education and municipal customers.

Borrego Solar also signed power purchase agreements with the US Bank and East West Bank.