WGL Holdings Signs Solar System Investment Agreement

WGL Holdings Inc. has signed a $50 million solar system investment agreement with California-based residential solar system installer American Solar Direct Inc. (ASDI). WGL Holdings has also made a $5 million equity investment in ASDI's parent company, American Solar Direct Holdings Inc., establishing a long-term strategic relationship.

‘California is one of the most attractive geographic regions for the residential solar market across North America,’ says Terry McCallister, chairman and CEO of WGL Holdings. ‘Gaining a foothold in this developing market is an important step in the pursuit of our vision of providing clean and efficient energy solutions to customers.’

SOURCE: WGL Holdings Inc.

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