Google, SolarCity Announce $280M Fund for Solar Projects

Google and privately held SolarCity have launched a $280 million fund to finance residential solar projects, the two companies announced Tuesday. The fund is Google’s largest investment to date in the clean energy sector, and will help pay for solar lease and power purchase agreement options for SolarCity customers, the company said in a written statement. Overall, Google has poured more than $680 million into clean tech investments. This fund is Google’s first investment in residential solar.

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