Monday, June 27, 2011

Google & SolarCity Partner to Make Solar Affordable

SolarCity and Google announced the creation of a new $280 million fund to finance residential solar projects. The Google-backed fund is the first collaboration between the Internet giant and the nation's leading solar power service provider, and represents Google's largest investment to date in the clean energy sector.

The fund is SolarCity's largest project financing fund and the largest residential solar fund created in the U.S. SolarCity has now created 15 project funds with seven different partners to finance more than $1.25 billion in solar projects.

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