SolarCity Raises $60 Million from PG&E

SolarCity Corp., a Foster City, Calif.-based provider of solar energy system installation and design, has secured $60 million from PG&E Corp. The deal is described as "tax equity financing" for solar installations for U.S. homes and businesses. SolarCity previously raised around $74 million from firms like First Solar Inc. and Draper Fisher Jurvetson.