Goldman Sachs Funds $500 Million for U.S. Rooftop Solar Leases
Submitted by aburr on Sat, 2013-06-01 13:38SolarCity raised lease financing from Goldman Sachs to fund more than $500 million in solar power projects – an estimated 110 MW in generation capacity – for homeowners and businesses. The agreement was initiated in 2012 and expanded per its initial terms at the end of April. Solar City says the combined lease financing is the largest of its kind announced in the U.S. for homeowners’ rooftops. About 26 MW has already been deployed under the lease program.