November 30, 2011
SAN FRANCISCO – 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. The venture would put shimmering solar panels on 120,000 military houses in dozens of states.
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