De Lage Landen has announced that its Clean Technology group has signed a US Master Lease Agreement with Bosch Solar Energy to fund solar projects developed by Bosch.
“We are proud to be entering into an agreement with Bosch Solar Energy, as their focus on quality products in an international marketplace is consistent with the strategies of De Lage Landen and the Rabobank Group,” said Mark McGovern, general manager, Clean Technology for De Lage Landen. “Although our newly closed agreement is US-focused, we will work together with Bosch to structure domestic and international funding products for Bosch and its strategic customers.”
Last year, Bosch made a leap into the PV inverter market through the acquisition of Conergy’s subsidiary, Voltwerk Electronics.
Eric Daniels, president of Bosch Solar Energy North America states that “Bosch is a recent entrant into the US solar energy market and sees this region as a key growth area. Our new partnership with De Lage Landen and Rabobank is an example of this commitment moving forward. By offering financing solutions through De Lage Landen’s highly experienced Clean Technology group, we are able to provide the best and highest quality options and additional value to our strategic partners and customers in the US.”
Rabobank has made quite a few investments recently including US$12 million in Western Wind Energy Corp to buy 42MW of solar panels.