San Diego Union-Tribune: "AMSOLAR & GCL to Develop $100,000,000 of Solar on Schools"

(San Diego Union-Tribune, June 24, 2010) - Solana Beach-based AMSOLAR said Thursday that it has landed financing for 20 megawatts of solar installations on school campuses, or about $100 million.

AMSOLAR specializes in developing power-purchase agreements, in which it builds and operates solar systems on campuses, then sells the power to the schools at a discount from what a utility would charge.

The financing will come from GCL Solar Energy, a San Francisco subsidiary of GCL-Poly Energy Holdings, a Hong Kong-based maker of silicon chips used in solar panels.

The first project to be built under the financing is a 1.23-megawatt system at the University of San Diego, which is breaking ground this month.

http://www.signonsandiego.com/news/2010/jun/24/firm-build-solar-systems-schools-starting-usd/