24 Jun 2010
PG&E is creating a $100 million fund with the solar installer SunRun to finance 3,500 rooftop solar installations throughout SunRun's five-state territory. PG&E invested $61 million with another installer, SolarCity, earlier this year.
"We're happy with the financial returns," says Brian Steel, PG&E director of corporate strategy and development. "[I]investing in these assets [also] gives us an opportunity to learn in a way we wouldn't have otherwise."