De Lage Landen signs agreement with Bosch Solar Energy
De Lage Landen, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods, announced today that its Clean Technology group has signed a U.S. Master Lease Agreement with Bosch Solar Energy (Bosch) to fund solar projects developed by Bosch.
“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,” says Mark McGovern, General Manager, Clean Technology for De Lage Landen. “Although our newly closed agreement is U.S.-focused, we will work together with Bosch to structure domestic and international funding products for Bosch and its strategic customers.”
Eric Daniels, President of Bosch Solar Energy North America states that “Bosch is a recent entrant into the U.S. 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. By offering financing solutions through De Lage Landen’s highly experienced Clean Technology group, we are able to provide the best and highest quality options and additional value to our strategic partners and customers in the U.S.”
About Bosch Solar Energy AG
Bosch Solar Energy AG is a leading supplier of photovoltaic solutions. From small-scale systems for single family homes to large turnkey photovoltaic projects, Bosch Solar Energy is a global provider of high-quality solar cells and modules for turning sunlight into electricity. The company also takes on contracts to build entire solar parks which cover everything from the initial planning stages through to the actual construction and the final handover of the completed turnkey system to the owner. Bosch's Solar Energy division, which also includes aleo solar AG, has a total of around 3,000 employees. You can find more information at www.bosch-solarenergy.com
In the U.S., Canada and Mexico, the Bosch Group manufactures and markets automotive original equipment and aftermarket products, industrial drives and control technology, power tools, security and communication systems, packaging technology, thermotechnology, household appliances, solar energy, healthcare and software innovations. Having established a regional presence in 1906, Bosch employs over 22,000 associates in more than 100 locations, with reported sales of $8.8 billion in fiscal 2010. For more information, visit www.boschusa.com.
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 285,000 associates generated sales of 47.3 billion euros ($62.7 billion) in fiscal 2010. For 2011, the company forecasts sales of more than 50 billion euros ($70 billion) and a headcount of 300,000 by the end of the year. The Bosch Group comprises Robert Bosch GmbH and its more than 350 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. Bosch spent 3.8 billion euros (approximately $5 billion) for research and development in 2010, and applied for over 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial. Additional information can be accessed at www.bosch.com and www.bosch-press.com.
