Citigroup agree $200m loan for Kilowatt Financial solar power
Minneapolis-based Kilowatt Financial will offer no-money-down loans of up to 20 years to homeowners who purchase their rooftop power systems
Kilowatt Financial LLC, the clean-energy finance provider, has arranged a US$200 million credit line from Citigroup Inc. to support residential solar power projects.
The Minneapolis-based Kilowatt Financial will offer no-money-down loans of up to 20 years to homeowners who purchase their rooftop power systems, according to a statement the company made on Wednesday.
Kilowatt Financial and Citigroup are aiming to securitise the loans to generate additional capital for future solar projects.
Kilowatt Financial’s, formed in 2011, received $100 million from Citigroup last year for consumer energy-efficiency projects.
