Solar Power Partners Secures $32 Million In New Funding

Feb 9 2009 | 10:31am 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

Q&A: Star Mountain's Brett Hickey On Investing In 'The Growth Engine Of America'

Sep 22 2017 | 5:06pm ET

Lower middle-market companies form the economic fabric of the nation, but they can...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Don’t Overlook These 6 Hybrid Cloud Concerns

Sep 14 2017 | 6:27pm ET

Cloud-based technology solutions have made tremendous inroads into the alternative...

 

From the current issue of