$60 million solar alliance

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SunEdison recently launched "SunE Solar Fund I", a $60 million fund to support the installation of up to 25 solar electric systems in the United States.

Baltimore, Maryland-based

recently launched "SunE Solar Fund I", a $60 million fund to support the installation of up to 25 solar electric systems in the

. The systems will be supplied by

and will be installed at facilities owned or leased by national retailers and state entities.

According to Mary Shields, president of BP Solar North America, "Part of our strategy to bring solar into the mainstream is to work with the large commercial market. The SunE Solar Fund gets us in front of this market allowing us to provide a clean energy source that competes with traditional utility power."

The first three projects utilising the fund will be installed this summer on three Staples facilities in Rialto, and Ontario California and Englewood, New Jersey. At a total of 680 kilowatts, these three systems will collectively generate about enough electricity to power 135 homes per year.

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