Goldman Sachs to Finance $500 Million for SolarCity Roofs
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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.
The lease-financing agreement will help SolarCity build about 110 megawatts of solar power systems with little or no up-front cost for homeowners and businesses, San Mateo, California-based SolarCity said today in a statement.