SolarCity: New fund to finance solar projects with Credit Suisse

Die Finanzlage von SolarCity entspannt sich weiter. Wie das Unternehmen aus Kalifornien mitteilt, hat Credit Suisse für SolarCity einen Fonds zur Finanzierung von Solaranlagen aufgelegt. Wir veröffentlichen die Mitteilung der Spezialistin für Aufdach-Solaranlagen dazu im Wortlaut.

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SAN MATEO, California - SolarCity Corp. (Nasdaq: SCTY) announced that it has created a new fund to finance more than $300 million in solar projects with Credit Suisse. The fourth such collaboration between SolarCity and Credit Suisse will allow thousands of homeowners in the U.S. to pay less for solar electricity than they pay for utility bills.

The fund represents another new financing for SolarCity, following a $305 million cash equity financing and a fund to finance $347 million in projects with Citi that closed last month.

About Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 47,180 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

About SolarCity
SolarCity (NASDAQ: SCTY) provides clean energy. The company has disrupted the century-old energy industry by providing renewable electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. SolarCity gives customers control of their energy costs to protect them from rising rates. The company makes solar energy easy by taking care of everything from design and permitting to monitoring and maintenance. Visit the company online at www.solarcity.com
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