December 5, 2011

SolarStrong Gets Green Light

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What looked like a no-go solar project is now back on with a private equity loan. This should be just the boost the flailing industry needs as Solar City will place power systems on 120,000 homes on military bases. They got the funding for the project dubbed SolarStrong from Bank of America Merrill Lynch after failing to acquire a loan from the DOA, partially due to stricter restrictions placed post Solyndra. Although the total amount was lessened by 40,000 homes, the project will create at least 300 megawatts of power and thousands of jobs during installation.

via Solar City


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Posted by Sheila Franklin at December 5, 2011 11:57 AM
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