Tag Archives: capital
Confimed Shrinkage: Solar Venture Capital Funding
The amount of venture capital (VC)—early-stage funding with higher risks, but high potential returns—going to solar companies continues to shrink, according to a new report from Mercom Capital Group. The report found that solar venture capital in the first quarter of 2013 fell to $126 million, almost a third of the $324 million in the [...]
Why The Solar Industry Needs Capital
In the past few years, the solar industry has been suffering from a lack of capital on both the equity and debt fronts. Despite remarkably high rates of return, tax equity investment still only amounts to around $4 billion per year — roughly 0.2% of its potential in the United States based on total individual [...]
Capital Dynamics Completes $282M Solar Fund
Capital dynamics, an international asset managing company announced July 10 that it completed its $282 million US Solar Energy Fund. The fund will allow the company to invest in U.S.-based solar projects across the country on behalf of its investors. It’s the first time the company has created a solar fund. Through the fund Capital [...]
Qatar Solar Technologies Lands $1B in Financing
Qatar Solar Technologies (QSTec) announced the financing from Masraf Al Rayan Bank for the construction of a brand new $1 billion polysilicon manufacturing plant. As reported in PVTech, the plant will be located in Ras Laffan Industrial City and have the ability to produce over 8,000 metric tons of polysilicon annually, which would produce enough [...]
Nanosolar Raises $20M for Printable Thin Film Solar
Nanosolar, which uses nanotechnology to print thin film solar, closed $20 million to fund expansion. The company is attempting to deliver the lowest cost thin film solar through advanced design and manufacturing processes. Current investors Mohr Davidow Ventures and OnPoint Technologies, Inc. participated in the round with new investor aeris CAPITAL. “We believe solar printing is [...]
Solar Capital closes new $100 million senior secured credit facility
Solar Capital Ltd has announced the closing of a new $100 million Senior Secured Credit Facility with a new lender. The facility, which expires in December 2015, bears interest at a rate ofLIBOR plus 3 percent. The company’s initial draw on the new facility was used to repay the remaining balance of its 8.75 percent [...]
Boosting Arizona’s Solar Energy ‘Exports’ Would Require Time, Capital
With some of the highest insolation rates in the country, Arizona has gained quite the reputation for itsability to generate solar power. It would only make sense, then, thatthe state would use all this potential within its own borders at home,right? Not according to Matt Croucher, an assistant research professor at Arizona State University’s business [...]
US Cleantech Venture Capital Falls 55% in 3Q
U.S. venture capital (VC) investment in cleantech companies in 3Q10 fell to $575.6 million in 53 financing rounds, a 55% decrease in capital and a 22% decrease in deals compared to 3Q09, according to newly releasedfigures. Ernst & Young LLP assembled the analysis based on data from Dow Jones VentureSource. "This quarter reflects the ongoing [...]
SunEdison Awarded CanFirst Capital Management Solar Projects
SunEdison, a division of MEMC Electronic Materials Inc., announced thatit will develop and build industrial and retail roof-top solarphotovoltaic (PV) projects for CanFirst Capital Management, a privatereal estate company based in Toronto, Ontario. With thisagreement, SunEdison will finance, build, own, operate, monitor andmaintain photovoltaic solar energy systems with capacity totaling1.5-megawatts (MW). They will be hosted [...]
Sequoia Capital announces “solar solution becoming cheaper than utility pricing”
In anarticle in today’s NewYork Times (”A Solar Start-Up Rakes In Capital“), Warren Hogarth, a partner at Sequoia Capital, (early investor in Apple, Google andYahoo) said that price parity between solar and “utility” power is uponus. Sequoia, for one, is pouncing on the opportunity. “We’re seeing early signs of an inflection point in the market [...]
Nordic Capital Fund VII Acquires SiC Processing
Nordic Capital Fund VII has acquired a majority stake in SiC Processing AG, a supplier in the recovery and processing of sawing slurry in siliconwafer production, from a group of sellers. The company’s founding family will remain co-owners, with a 25% stake, and former lead investor zoukventures will retain a 5% stake. "Due to the [...]