SolarCity and John Hancock Announce USD227 Million Cash Equity Financing

San Mateo, USA - SolarCity Corp. announced that it has completed its first cash equity transaction with partner John Hancock Financial. John Hancock is investing USD 227 million in a diversified portfolio of residential, commercial and industrial solar power projects that collectively represent 201 megawatts (MW) of generation capacity.

According to the company, SolarCity monetizes the majority of 20-years of underlying cash flows

Source: IWR Online, 04 May 2016