Borrego Solar Systems Inc., a designer, installer and financier of grid-tied solar photovoltaic systems, has closed its latest fund with its partners U.S. Bank and East West Bank.
The company says this fund will be used to finance new solar energy projects in Massachusetts, New Jersey and California. The latest round of projects brings the total amount of solar financed through the Borrego Solar power purchase agreement model to more than $100 million in the last 12 months.