Sungevity, Citi Launch New Fund For Residential PV

Sungevity has created a new renewable energy tax equity fund with Citigroup Inc. that will support over $50 million of new residential solar lease projects. The company says that since 2010, it has raised funds to support more than $120 million in residential solar projects.

‘Citi is committed to promoting energy efficiency and environmental sustainability both at our own firm and in support of our clients,’ says Marshal Salant, head of Citi's alternative energy finance group. ‘This transaction will help Sungevity provide many homeowners with affordable ways to power their residences with clean, renewable energy.’Â

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