Energy Law
Dec. 5, 2011
SolarCity secures financing without government loan guarantee
In what is being touted as the largest-ever residential solar project, SolarCity has finalized a critical financing agreement - even after failing to obtain a Department of Energy loan guarantee.
Daily Journal Staff Writer
PALO ALTO - SolarCity has finalized a critical financing agreement for what is being touted as the largest-ever residential solar project - despite having failed to obtain a Department of Energy loan guarantee.
The Foster City-based solar company, announced last week that it had closed a deal with Bank of America Merrill Lynch for roughly $350 million in loans, which will help finance its solar ...
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