The cash portion of the consideration to be received by Google at closing will be funded throughdebtfinancing commitments from Bank of America Merrill Lynch and Royal Bank of Canada.
The cash portion of the consideration was funded through syndicated debtfinancing and the sale by ARRIS of 10.6 million ARRIS shares to Comcast Corporation.
SolarCity, which has said it plans to go public and has filed a confidential IPO registration statement, will install, own and maintain the solar arrays, financing the projects through debt-equity funds it taps to pay for panels for customers who lease their photovoltaic systems.
Another rapidly growing country with a decentralized government, Brazil has financed nearly every renewable energy project through the National Social Economic Development Bank (BNDES) with low-cost and long-term debtfinancing.