De Lage Landen lands US deal with Bosch
By Grant Collinson
03 February 2012
The green energy division of De Lage Landen
has signed a master lease agreement with Bosch Solar Energy to
offer finance for the company’s solar equipment.
The deal struck between the Rabobank-owned
lessor’s Clean Technology Group and the photovoltaic manufacturer
to structure financing for Bosch customers and partners is
US-focused but has the potential to extend internationally, said
Mark McGovern, general manager of Clean Technology at DLL.
“We are proud to be entering into an agreement
with Bosch Solar Energy, as their focus on quality products in an
international marketplace is consistent with the strategies of De
Lage Landen and the Rabobank Group,” McGovern added.
The master lease agreement, which in US
finance is a credit agreement which extends to future equipment
leases without the requirement of additional agreements, will cover
both small-scale systems for single family homes and large
photovoltaic projects manufactured by the German technology
firm.
Eric Daniels, president of Bosch Solar Energy
North America said: “Bosch is a recent entrant into the US solar
energy market and sees this region as a key growth area. Our new
partnership with De Lage Landen and Rabobank is an example of this
commitment moving forward.”
grant.collinson@vrlfinancialnews.com