Led by BofA Merrill Lynch, SolarCity has secured US$250 million in a new financing facility to support the roll-out of more than 200MW of PV system installations in the US.
According to SolarCity, the financing facility has been the largest secured for distributed generation to date. The company noted that the latest financing facility was the third time it had secured such funding and had raised funds sufficient to finance more than US$4 billion in solar projects.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
Already a subscriber? Sign In
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
SolarCity expects to refinance the facility in the securitization market after the solar assets are fully-deployed.
