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

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Moore Capital PM Fired After Raucous Hamptons Party

Jul 7 2016 | 10:47pm ET

A portfolio manager for Louis Bacon’s $15 billion hedge fund Moore Capital Management...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...