Project financing and the Google Fund




SolarCity partners with banks, large corporations, and the asset-backed market to create project finance funds to finance its lease and PPA (Power Purchase Agreement) options. Among SolarCity's better-known financing partnerships was a $280 million fund created with Google to finance residential solar installations in June 2011. The Google Fund was the largest fund of its kind in the U.S., and Google's largest investment in clean energy.

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