SolarCity Corp., which lost a U.S. loan guarantee in the wake of Solyndra LLC’s bankruptcy, will move forward on a $1 billion solar rooftop project for military housing with financing from Bank of America Corp.
The loans will help pay for the installations of as much as 300 megawatts of rooftop photovoltaic systems on housing and office buildings used by the military in as many as 33 states over five years, Foster City, California-based SolarCity said today in a statement.
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