Thursday, October 30, 2008

SolarReserve Gets Private Equity Funding

Los Angeles-based SolarReserve, a developer of utility scale renewable energy solar power plants, has scored an investment from Argonaut Private Equity. Argonaut said Thursday it is expanding its stake in SolarReserve, but did not detail the amount of the additional investment in the firm. SolarReserve is developing thermal solar energy plants based on molten salt and heliostats. SolarReserve recently raised $140M in a funding round from Citi, Credit Suisse, Good Energies, Nimes Capital, PCG Clean Energy & Technology Fund, and US Renewables Group. More information »