GE invests $15M in solar-finance company

07/5/2013 | Bloomberg · SNL Financial (free content)

GE Ventures, a subsidiary of General Electric, has invested $15 million in California-based Sungevity, a solar leasing company. Sungevity will use the proceeds to expand into new markets. "The average cost of solar is going to be lower than the average U.S. retail electricity prices in the next two years," says Andrew Birch, Sungevity's CEO.

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Bloomberg · SNL Financial (free content)