28 Apr '16, 10am

Mosaic raises US$200 million for US home solar loans: Solar Mosaic, a former crowdfunding start-up that has e...

The US$200 million in funding from DZ Bank and NY Green Bank is estimated to support over 5,000 rooftop PV installations across the US. Source: Mosaic Solar Mosaic, a former crowdfunding start-up that has emerged as a major provider of residential solar financing solutions, has secured US$200 million in funding that will support at least 5,000 rooftop PV installations. Germany’s DZ bank is lead lender in the warehouse facility financing with NY Green Bank participating in the syndicate to extend residential solar in New York. The announcement on Wednesday marks the largest funding to date for the Oakland, California-based company, and further fuels its mission to empower homeowners through independent energy options and providing the financial support needed to fully benefit from owning their own solar system. Mosaic has grown in the last two years to become a major US loa...

Full article: http://www.pv-tech.org/news/mosaic-raises-us200-million-f...

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