Investment fund to finance 25,000 residential solar projects«  

Furniture industry

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SolarCity in the United States has set up a $750 million investment fund to finance about 25,000 residential solar projects, with Google paying nearly half of the amount.

The company, which is the largest residential solar company in the United States, said this investment fund is the largest ever for residential solar systems, and the $300 million paid by Google is the largest ever. The company, which is the largest residential solar company in the United States, said this investment fund is the largest ever for residential solar systems, and the $300 million paid by Google is the largest investment in renewable energy from the tech giant to date.

Google's $300 million is the largest investment in renewable energy from the tech giant to date. This is Google's second investment with SolarCity. In 2011, the company established a $280 million investment fund with the latter, which is backed by Elon Musk, the founder of electric carmaker Tesla Motors