SolarCity Lines Up Backup Service Deal For Raising Funds

SolarCity Lines Up Backup Service Deal For Raising Funds | Renewable Energy News Article

renewableenergyworld.com 10 Jan '13, 8pm

SolarCity Lines Up Backup Service Deal For Raising Funds

The company announced the agreement on Thursday but didn't name the company, except to say that the company is an "AA- rated [double A minus] financial institution." Lining up backup services is an important step for developing a market for solar-backed securities, said Nat Kreamer, CEO of Clean Power Finance, when I caught up with him last fall. Like SolarCity, Clean Power Finance also raises funds to finance installations and markets leases in which homeowners, instead of owning the solar panels on their rooftops, pay a monthly fee for the solar electricity from the panels. A backup service provider would take over the billing, maintenance and other tasks if solar service companies such as SolarCity or Sunrun lost their ability to perform them. Backup service agreements are common in businesses that offer asset-backed securities, such as mortgages and auto loans, because...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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#Renewable SolarCity has signed a backup service agreement that should pave the way for it to issue securities... [link]
@sepconet » 10 Jan '13, 9pm
SolarCity Lines Up Backup Service Deal For Raising Funds - SolarCity has signed a backup service agreement that shou... [link]
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@SolarCity Lines Up Backup Service Deal For Raising Funds | Renewable Energy World [link] #solarenergy
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RT @eeportal_com: SolarCity Lines Up Backup Service Deal For Raising Funds [link]
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SolarCity Lines Up Backup Service Deal For Raising Funds [link]
@PvSolarSolution » 10 Jan '13, 9pm
SolarCity Lines Up Backup Service Deal For Raising Funds [link]
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SolarCity Lines Up Backup Service Deal For Raising Funds [link] #solarenergy
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SolarCity Lines Up Backup Service Deal For Raising Funds [link]