Despite the recent collapse of solar manufacturer Solyndra, the U.S. solar industry continues to attract private equity such as the $75 million Google announced Tuesday to finance photovoltaic panels for homes.
Google's Rick Needham, speaking at the Renewable Energy Finance Forum in San Francisco, said the money would create a fund with Clean Power Finance to help up to 3,000 homeowners lease solar panels. In June, Google announced its first investment in residential solar -- a $280 million fund with SolarCity, of San Mateo, Calif., to install solar panels in up to 9,000 homes and lease them on a monthly basis with zero upfront costs. >> More
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