|
The
company said it raised the funds from four separate partners in
June and July to cover the capital cost of new equipment and
installations, and make it possible for customers to pay less
for solar power than they pay for utility power.
San Mateo-based Solar City had raised $728 million in financing,
partly through tax equity, during the first quarter.
SolarCity said on Monday that $70 million of the $110 million
increase in its existing debt facility was due to the addition
of two new lenders.
(Reporting by Vishaka George in Bengaluru; Editing by Savio
D'Souza)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
