The first fund is expected to finance more than $284m in residential solar projects across the US. The second fund will target $63m in projects for small and medium-sized businesses (SMB) throughout California.
"We highly value repeat investors given our consistent pace of solar asset origination," said Radford Small, SolarCity’s newly-appointed financial chief. "This latest investment with Citi is a testament to how our solar assets continue to perform in the field, and in the capital markets."
Small
