SolarCity raises US$345 million

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Source: SolarCity.

US solar firm SolarCity has raised US$345 million from four tax equity partners in June and July.

The funds will cover the capital cost of further installations with customers buying the power from the company-owned systems.

A further US$110 million was added to its debt aggregation facility.

According to SolarCity, it has now raised US$1.5 billion in 2016.

The company is currently subject to a friendly takeover bid from Tesla Motors.

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