SolarCity raises $305 million to fund solar projects
Solar panel installer SolarCity Corp
A private investment fund affiliated with Quantum Strategic Partners Ltd provided the equity investment, the company said.
The fund was advised by Soros Fund Management LLC.
The deal included an 18-year-loan syndicated to five institutional investors, SolarCity said.
The solar company said last month it faced greater-than-usual delays in closing new project financing commitments due to its takeover talks with Tesla.
(Reporting by Arathy S Nair in Bengaluru:; Editing by Sriraj Kalluvila)