WGL Holdings Increases Stake in American Solar Direct
May 21, 2012
American Solar Direct has procured $5 million in equity financing from WGL Holdings and other investors. Based in Santa Monica, California, American Solar Direct is an all-inclusive provider of residential solar systems, offering lease and purchase agreement options. WGL Holdings first invested in the company in 2010 through a $50 million tax equity partnership and a $5 million equity investment.