Tale of Two Cities: Citigroup Commits $40 Million To Financing SolarCity Projects

SolarCity, a company that designs, installs and secures financing to put solar power generating systems in homes in North America, keeps reeling in the financial partners. This time, the San Mateo, Calif.-based startup convinced Citigroup to finance $40 million in U.S.-based home solar projects in 2011, a representative from Citigroup confirmed. The chief executive of Solar City , Lyndon Rive, explained the significance of his company's new financial partner...