Wednesday, July 21, 2010

SolarReserve Ups Funds To $110M

Santa Monica-based SolarReserve has now pulled in $110M of a committed, $140M Series B funding round, according to a regulatory filing by the firm today. SolarReserve, which is developing utility scale power plants, had announced in 2008 that it had received $140M in a Series B funding, however, according to regulatory filing appears to be drawing down those commitments piecemeal as it builds out its business. The firm is backed by Citi Alternative Investments, Sustainable Development Investments (SDI), and Good Energies, US Renewables Group, PCG Clean Energy & Technology Fund, Nimes Capital, and Credit Suisse. More information »