The largest PV installer in the US, SolarCity, is to raise almost US$400 million from stock and bonds.
According to a statement released by the company it will issue US$200 million of its 2.75% convertible notes and offer 3.4 million shares at a price of US$46.54 per share. Both moves could potentially earn the company US$396.6 million.
Earlier in the week the company said it expected to double its anticipated 2013 tally of installs of 278MW, to an estimated 475-525MW in 2014.
The new tranche of financing will go some way to funding that expansion.
In September a host of manufacturers revealed fundraising plans to cash in on high stock prices including Yingli Green, Canadian Solar and GT Advanced Technologies.