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SunEdison raises $161 million for solar services and installing

Posted on May 27, 2008

SunEdison, a solar services company based in Beltsville, Md., has taken $131 million in venture funding and $30 million in debt to finance its rapid expansion and ongoing projects, including some of the largest solar installations in the United States. In the booming market for solar installations, there is a profusion of different business models, serving markets from residential to business and military, and selling or leasing panels, or simply selling their electricity. SunEdison often handles the up-front costs of installation for its large corporate and institutional clients, so the heft...

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clean energy , photovoltaic , renewable , solar , solar panels , startup