US: Bosch and aleo announce $100 million solar funding

06. February 2013 | Applications & Installations, Industry & Suppliers | By:  Becky Beetz

Bosch and subsidiary, aleo solar have announced that US$100 million in funding will be made available for commercial and residential solar projects in North America.

Bosch solar photovoltaic module

Bosch and aleo are looking to strengthen their North American presence.

Bosch Solar Energy North America and aleo solar North America have said that zero-down financing opportunities have been made available for both approved commercial solar projects 50 kW or more in size, and residential projects worth $50,000 or less.

A spokesperson for aleo solar told pv magazine that funding is being provided through a set of external financial institutions.

"Making solar affordable is today’s biggest challenge," said Shane Messer, executive vice president of sales & marketing/general manager at aleo solar North America. "We are dedicated to supporting our dealer partners in finding solutions to the challenges they face," he added.

Bosch recently announced that its solar business suffered an impairment of nearly $1 billion in 2012. The hit from its PV business could wipe out as much as 90% of the group's 2012 profits.

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