He started originally just building residential and small commercial solar installations. Marcus Wilhelm’s company strata solar has come a long way in the past six years he later moved on to utility scale farms in 2011 and we have been one of the fastest growing solar integrators in the country ever since today strata solar operates 80 large solar farms and sells the electricity they produce back to utility companies they plan to build 100 more farms in the next two years ranging from six megawatts like this one near chapel hill North Carolina to over 80 megawatts the company has brought 350 megawatts of solar energy online and has helped North Carolina become the third largest state in the nation for solar installations it has also provided training and jobs to over 2,000 local workers during the last five years I’m very happy that data took me under their wing and trained me how to do so little work and taught me how to teach other people how to do so to work so that we can continue the process Wells Fargo saw strata Solar’s potential.
Early on we consider let’s follow to be very unique in the way they treat communist ideology they have been an incredibly good partner and the success that we have as a company today is largely driven all shobha giving us very
good guidance working with us as a banker working with us as an investment partner working with us as an operator of the farms Erich Hauser his head of the
technology banking group based in San Jose his team recently went bicoastal
when another office opened in Boston the technology Banking Group is a specialty
business within commercial that was formed back in the late 90s as a result of our increased emphasis on banking the sector our business is broken up into four primary subsectors we have traditional technology which represents semiconductors software internet and networking and we’ve also then established new sectors recently in life sciences and clean tech and also in venture services there are a couple of banks who do what Wells Fargo does but nobody does it quite as well and we have benefited quite a bit from the expertise that Wells Fargo has in this segment.
To grow its Chapel Hill, North Carolina, business, Strata Solar is counting on the increasing interest in generating power from the Sun. Guided by a mission to develop cost-efficient alternatives to traditional energy sources without long-term dependence on government subsidies, Strata Solar has grown significantly from its founding in 2008 as a small, residential solar provider to one of the top commercial and utility-scale solar providers in the America. In the past six years, Strata Solar has trained and employed more than 2,000 workers in North Carolina and helped make the state the third-largest solar installer in the U.S.
Strata Solar offers project development, engineering, procurement, construction, operations, maintenance, and financing solutions for any size solar project — from utility-scale solar farms to small, commercial retailers. While solar cells help individual residences reduce their energy bills, large-scale solar farms produce power and sell the power to utility companies. In total, this has allowed the company to install more than 500 megawatts and place more than a gigawatt under development, conserving natural resources.
Chief Executive Officer Markus Wilhelm credits the company’s growth in large part to its partnership with Wells Fargo. “We consider Wells Fargo to be very unique in the way they treat companies like ours. They have been an incredibly good partner. There are a couple of banks that do what Wells Fargo does, but nobody does it quite as well.”
Wells Fargo serves Strata Solar through its Technology Banking Group. Technology Banking began in the late 1990s as the demand for financing in California’s Silicon Valley grew. To effectively serve technology companies, Wells Fargo established the group of bankers with technology expertise. Today, the Technology Banking Group includes teams in Boston; Austin, Texas; Seattle; as well as Los Angeles, Irvine, San Diego, and the San Francisco/Silicon Valley area in California.