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

GSAM’s Papagiannis on Liquid Alternatives

May 25 2016 | 5:07pm ET

The popularity of liquid alternatives strategies has blossomed in recent years,...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...