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.

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