SolarCity Corp., a solar-energy developer chaired by billionaire Elon Musk, won financing from Goldman Sachs Group Inc. for more than $500 million in rooftop solar systems that the company will complete this year.
SolarCity Corp., the solar power provider led by billionaire Elon Musk, will complete about 100 energy storage systems for customers this year and plans to expand as costs decline, according to its chief executive officer.
More than half the U.S. states with laws requiring utilities to buy renewable energy are considering ways to pare back those mandates after a plunge in natural gas prices brought on by technology that boosted supply.
SolarCity Corp., which lost a U.S. loan guarantee in the wake of Solyndra LLC’s bankruptcy, will move forward on a $1 billion solar rooftop project for military housing with financing from Bank of America Corp.
SolarCity Corp., a closely held installer and owner of rooftop power systems, was awarded a U.S. Energy Department loan guarantee that the company says will allow it to double U.S. residential solar installations.
Google Inc. agreed to put $280 million in a new project financing fund for SolarCity Inc., a financier, installer and owner of rooftop photovoltaic systems, in the Internet search engine’s biggest clean-energy investment.