Borrego Solar Grabs $14M

Moresco, Justin
February 2009
Red Herring;2/4/2009, p5
Trade Publication
The article reports on Borrego Solar Systems's first round of venture financing from an unnamed institutional investor, which raised $14 million. The funding would be used by the company to expand its solar power installation business into the Mid-Atlantic region of the U.S., focusing on New Jersey and New York. Borrego posted $60 million in sales in 2008 and the company's president expects sales to reach $70 million in 2009.


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