$19.7m in bonds to fund solar arrays in Brea, California

May 19, 2010

The City of Brea in California is to install 1.8 megawatts of solar photovoltaic systems across three of its buildings.

The project has been financed with $19.7 million in bonds, structured by San Francisco-based underwriter Stone & Youngberg.

The city-owned buildings will also be fitted out with more efficient heating and cooling systems, helping cut energy demand by 40%.

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