WGL Holdings, Inc. Announces $50,000,000 Solar System Investment Agreement with American Solar Direct Inc., a Provider of Solar Electric Systems

November 15, 2010

WASHINGTON--(BUSINESS WIRE)--WGL Holdings, Inc. (NYSE:WGL) today announced its $50 million solar system investment agreement with California-based residential solar system installer, American Solar Direct Inc. (ASDI). Along with this agreement, WGL Holdings has also made a $5 million equity investment in ASDI's parent company, American Solar Direct Holdings Inc. (ASDHI), establishing a long-term strategic relationship.

read more