SolarCity announced an investment fund expected to finance more than $350 million in solar power projects with J.P. Morgan. The fund is the second created by the two companies, and a follow-up to a fund created to finance approximately $170 million projects in 2013.
SolarCity is currently providing more than one out of every three new solar power systems in the U.S. Since 2003, the company has financed more than $1.4 billion of renewable generation capacity in wind, solar and geothermal projects.
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