Borreqo Sells Residential Solar Division

摘要

Borrego Solar Systems has agreed to sell its residential installation business to groSolar for an undisclosed sum.rnThe El Cajon, Calif.-based Borrego said Thursday it would focus on designing and building solar energy systems for businesses and government agencies because that's where the big money can be made. The company, which recently raised $14 million, is expanding into the mid-Atlantic region, beginning with New York and New Jersey. Borrego has been doing business in California and Massachusetts.rnBorrego, founded in 1980, has reasoned that demand in the commercial and government markets will grow faster than the residential one.