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A $1 billion solar energy project that lost a federal loan in the wake of the Solyndra bankruptcy and related investigations is back on track to nearly double the number of panels on residential rooftops in the U.S. San Mateo, Calif.-based SolarCity said Wednesday that it had reached a deal with Bank of America Corp.'s Merrill Lynch unit for financing the five-year project called SolarStrong.

A $1 billion solar energy project that lost a federal loan in the wake of the Solyndra bankruptcy and related investigations is back on track to nearly double the number of panels on residential rooftops in the U.S.