San Mateo-based SolarCity Corp. announced Thursday that Goldman Sachs Group Inc. would finance more than $500 million of its solar power projects.
The funding for U.S. residential solar leases is the largest such deal ever announced, SolarCity said in a statement. The agreement was initiated last year and the funding expanded in April.
SolarCity has raised similar funds from banks such as U.S. Bancorp and from corporations including Google Inc. and Honda Motor Co Ltd.
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