[CPEO-MEF] ENERGY: Military housing solar rooftops

[Lenny Siegel <lennysiegel@gmail.com>]

SolarCity proves there is life after federal loan guarantees

Ronald D. White
Los Angeles Times
December 1, 2011


SolarCity, the San Mateo-based company that is one of the country's  
largest residential solar energy system providers, is proving that  
you don't need a federal loan guarantee to find financing for major  
projects.

SolarCity Corp. had seen its hopes for a U.S. loan guarantee  
evaporate in the political fallout from the widely publicized  
Solyndra LLC bankruptcy. But the company said this week it was able  
to obtain financing from Bank of America Merrill Lynch.

The Bank of America financing will allow SolarCity to move ahead on  
its five-year, $1-billion "SolarStrong" rooftop project for military  
housing. As part of the project, SolarCity plans to partner with  
privatized military housing developers to install, own and operate  
rooftop installations and provide solar electricity for Armed Forces  
families at lower costs than traditional utility power.

...

For the entire article, see
http://latimesblogs.latimes.com/money_co/2011/12/solarcity-life-after- 
federal-loan-guarantees.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street, Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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