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SunPower Obtains $53 Million Financing for Residential Solar

  • South African bank Investec led solar financing package
  • Deal supports residential installations in eight U.S. states

SunPower Corp., the second-largest U.S. panel manufacturer, arranged more than $53 million in financing for residential-solar installations.

The deal supports installations in eight U.S. states, Natalie Wymer, a spokesman for San Jose, California-based SunPower, said in an email Friday. Consumer demand “continues to grow and we want to continue to be positioned to answer that call.”