SolarCity's BofA Loan Keeps Ball Rolling On $1B Project
SolarCity, backed by a $350 million loan from Bank of America's Merrill Lynch unit, is moving ahead with SolarStrong, a five-year project to work with military housing developers to install, own and operate rooftop solar installations, the company said. SolarCity will raise additional equity funds for the remainder of the project, according to a spokesman.
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