Thursday, 26 March 2015
Last updated 1 hour ago
Feb 9 2009 | 9:30am ET
California’s Borrego Solar Systems Inc. has secured $14 million in venture financing.
The capital will be used to fuel geographic expansion and support the next phase of corporate growth. The money will also fund expansion of Borrego’s commercial and government design and installation operations in the Mid-Atlantic region and develop new integrated solutions to reduce overall system cost and speed return on investment.
Borrego Solar ended 2008 with $60 million in revenue and more than $90 million in contracts. The company has installed solar systems on schools, affordable housing communities, grocery and retail businesses as well as town and municipal facilities in California and New England.
In related news, John Robert Wallace and Stan Chang are joining Borrego Solar’s board of directors. Wallace has extensive experience in executive positions in solar, electric drive train and battery technologies at companies including Xantrex and Ford Motor Company.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…