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Google Goes $280M Long On Solar Rooftops With SolarCity

SolarCity and Google (NASDAQ: GOOG) just announced the birth of a $280 million fund to finance residential solar projects. The fund is SolarCity’s largest project financing fund and the largest residential solar fund created in the U.S. SolarCity has built 15 project funds with seven different partners to finance more than $1.25 billion in solar projects. Until now, the money has mostly come from the banking industry.
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