SolarReserve Nabs $140M

Lee, Michael
September 2008
Red Herring;9/16/2008, p8
Trade Publication
The article reports that utility scale renewable energy solar power plants developer SolarReserve has received $140 million in a second round funding deal. Citi Alternative Investment's Sustainable Development Investments and Good Energies served as lead investor in the deal, along with Credit Suisse, Nimes Capital and other investors. SolarReserve plans to use the funds obtained from the deal in developing multiple utility scale power plants ranging from 50 megawatts (MW) to 300MW. It is targeting a total of 5,000MW of power plants around the world.


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