Dive Brief:
- SolarCity plans to sell securities backed by revenue form the company's solar systems directly to retail investors via the SolarCity website, according to Associated Press.
- SolarCity expects to raise billions by selling securities to retail investors.
- In another financing route led by SunEdison, solar companies are forming “yield cos” to help finance their solar projects, according to Reuters.
- First Solar, MidAmerican Energy Holdings and SunPower could follow suit, according to analysts. Canadian Solar and JinkoSolar Holding are thinking about it.
Dive Insight:
Solar companies are getting creative and finding financing options that will allow them to keep growing. This is a good sign for the sector.