30 Nov '11, 9pm

SolarCity Army Project Marches On Minus Fed Backing

SolarCity Army Project Marches On Minus Fed Backing

When Solyndra went bankrupt back in late August, one of the many casualties was a large-scale plan to bring solar power to military housing, which was nearly derailed by Solyndra's collapse . SolarCity said in September that the Department of Energy couldn't finalize a $275 million loan guarantee (PDF) for the Army project called SolarStrong before the program's deadline. SolarCity blamed the delay on additional paperwork requested after the fall of Solyndra, which received $535 million in DOE loans before it folded. But today, SolarCity announced that the project will go on, using only private funding: The original lead lender, Bank of America Merrill Lynch, will continue funding the project despite the loss of the $275 million loan guarantee. "BofA Merrill never wavered when the loan guarantee wasn't finalized and worked with us to create a financing structure that works...

Full article: http://www.greenbiz.com/blog/2011/11/30/solarcity-army-pr...

Tweets

$1 Billion Solar Project Goes Ahead Without DOE...

renewableenergyworld.com 30 Nov '11, 6pm

The company had received a conditional loan guarantee from the Department of Energy this summer, but it was unable to clos...

$1 Billion Solar Project Goes Ahead Without DOE...

renewableenergyworld.com 30 Nov '11, 11pm

The company had received a conditional loan guarantee from the Department of Energy this summer, but it was unable to clos...

SolarCity and SolarStrong Return $350M Stronger...

greentechmedia.com 30 Nov '11, 5am

The largest residential solar project in the U.S. , and possibly the world, is alive and well. Despite, and to some small ...

Large Solar Project Proceeds on a Commercial Basis

spectrum.ieee.org 01 Dec '11, 3am

For years I've been saying that no big photovoltaic project ever goes forward without big government subsidies. So as far ...

We have agreed to terms with @BofA_News on fina...

solarcity.com 01 Dec '11, 12am

SAN MATEO, Calif., and NEW YORK—Nov. 30, 2011—SolarCity and Bank of America Merrill Lynch today announced that they have a...

Check out these pics of a neat project in Hambu...

in the sustainable building world. We focus on the personalities, policies, and projects driving green design and construc...

Archives: Building a Mobile Website Should be Your #1 IT Project

Archives: Building a Mobile Website Should be Y...

wolf-howl.com 03 Dec '11, 1pm

Hopefully this post has convinced you of the need to make your website as mobile friendly as possible. If you are using a ...

Have a great #LEED project story? Tomorrow is d...

usgbc.org 01 Dec '11, 7pm

With every LEED project you’re on, you learn and grow professionally. Sharing your project stories can help others succe...

#Accident involving #army vehicle, car and lorry at Kaki Bukit leaves one man #dead

#Accident involving #army vehicle, car and lorr...

singaporeseen.stomp.com.sg 30 Nov '11, 9am

An accident happened at the junction of Airport Road today (Nov 30) at about 11am, leaving one dead and one taken to hospi...

The Interview: How SolarCity Is Moving Forward With or Without Help

The Interview: How SolarCity Is Moving Forward ...

renewableenergyworld.com 06 Dec '11, 3pm

Sharryn Dotson: We know SolarCity has signed some pretty big deals. You have the investment from Google. You also have the...