Solaria Corporation announced today that it has closed $45 million in a financing round led by CMEA Capital and DBL Investors. Other participants in the round include current investors Sigma Partners and NGEN Partners and new investors Mitsui Ventures and Savitr Capital.
Solaria will use the financing to meet rapidly increasing global demand for cost effective solar modules for large and utility scale projects, the fastest growing PV market segment. The company’s aggressive growth plans demonstrate the capital efficiency of its business model.
"Utilities, solar integrators, and project developers tell us that they want a cost effective solar module that delivers proven crystalline efficiency and reliability,” said Solaria CEO Daniel Shugar. “That is exactly what we’ve spent years developing. After a great deal of testing and field validation, we’re now offering the Solaria module to leading customers in North America, Europe, and Asia. I’m proud to have been present at other milestones in the solar industry, and I believe this will prove to be the most significant yet.”
"Solaria’s module lines up perfectly with the requirements of renewable energy providers that are looking to install more solar power. We're investing in Solaria because they've already begun to establish solid traction in the solar market and are partnering with key players in the industry,” said Rachel Sheinbein, Partner at CMEA Capital.
"Solaria’s novel approach gives it a substantial production cost advantage without a high level of capital investment,” added Mark Perutz, Partner at DBL Investors. “This infusion of capital will allow Solaria to drive to commercial success, with the added benefits of green job creation, and broader adoption of renewable energy production in the US and worldwide.”
发表于 2010-5-13 15:13:46
