Solar Power Partners Secures $32 Million In New Funding

Feb 9 2009 | 9:31am ET

California-based Solar Power Partners has raised over $32 million in new funding, reports peHUB. The company manages solar energy installations – installing panels for commercial customers but retaining ownership and selling the electricity produced.

A company spokesperson confirmed the round for peHUB, saying the investment was split between working capital and project financing.

Investors include United Commercial Bank, Globespan Capital Partners, Energy Investors Funds, The Enlightened World Foundation, Carrelton Asset Management, Dry Creek Ventures and Silicon Valley Technology Group.

Last September, the company announced raised $100 million in private equity and debt financing and expects to close another $60 million in project financing this year.


In Depth

FINtech Focus: Fundbase Aims To Revolutionize Access To Hedge Funds

Jan 23 2015 | 11:03am ET

Global investment in financial technology—also known as fintech—is booming....

Lifestyle

Is Steven Cohen Going to Buy the Brooklyn Nets?

Jan 19 2015 | 6:49am ET

Rumors that Steve Cohen was interested in the Brooklyn Nets emerged after Scott...

Guest Contributor

Investors Benefit From Evolution Of Fund Of Hedge Funds Model

Jan 22 2015 | 12:27pm ET

The evolution of the fund of hedge funds model over the last few years represents...

 

Editor's Note