A recent example is a Wells Fargo & Company investment in a project jointly developed by SunEdison and Q-Cells and hosted by Staples at its distribution center in Rialto, California. The 441 kW system is operated by SunEdison and includes 1,960 Solar Semiconductor modules using Q-Cells solar cell technology.

In 2008, the SunEdison distributed solar portfolio performed at over 100% of expected generation capacity. SunEdison finances, builds, and operates PV solar energy systems for leading utilities, commercial/REIT and governmental organizations.

“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, chief operating officer, SunEdison.

“Despite the economic downturn, Wells Fargo continues to invest in solar projects across the country because these investments help customers secure reliable, cost-effective power and help businesses access cleaner energy sources,” said Barry Neal, director of Wells Fargo’s Environmental Finance. “We look forward to helping the industry expand even further.”