MEMC Electronic Materials (WFR) has announced that Wells Fargo (WFC) will invest up to $120 million in SunEdison (subsidiary of WFR) solar projects.  This isn’t the first time the companies have worked together.  Wells Fargo invested more than $200 million in 2007 for 150 SunEdison solar projects across eight states.

==> Click Here For Your FREE Daily WFR Analysis

"Wells Fargo is excited to continue our relationship with SunEdison and expand our commitment to grow the U.S. solar market," said Barry Neal, head of Wells Fargo’s Environmental Finance Group. "The solar projects developed by SunEdison will help businesses and public entities better control their electricity costs, while expanding the use of renewable energy throughout the U.S."