GE Energy Financial Services Partners With SunPower

GE Energy Financial Services has announced that it is partnering with solar systems maker SunPower Corporation to provide funds for five California solar power projects totaling 8MW.

The projects include a system for Toyota Motor Sales’s parts center that will reportedly be the largest single-roof solar power installation in the US. The companies are also collaborating on solar projects for HP, Agilent and two county and regional agencies.

The joint venture seeks to streamline the implementation of large commercial and public solar power systems. It also helps the state meet the goals of the California solar initiative to generate 3,000MW of new, solar-produced electricity by 2017.

GE Energy Financial Services said that it will also acquire a majority equity interest in the five solar photovoltaic projects, which SunPower will design, build, operate and maintain.