America’s leading solar energy provider, SolarCity, has partnered with financial services provider Credit Suisse to finance more than $300 million in residential solar projects.
This marks yet another multi-million-dollar financing round for SolarCity in a year which saw the company post a massive net-loss in its second quarter, forcing the company to lay-off employees. Only last month SolarCity announced a $305 million cash equity financing and a fund in cooperation with Citi to finance another $347 million in solar projects.
While there are very few details out at the moment — nothing more than the announcement of a partnership between SolarCity and Credit Suisse to finance $300 million in residential solar projects — this is the fourth collaboration between the two companies, including a $150 million financing round announced in April.
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