Mitt Romney’s campaign jaunt last week to Solyndra’s shuttered headquarters and Konarka’s Chapter 7 filing drew attention to the solar industry’s most high-profile failures. But a look at recent funding data indicates that, if anything, venture investors in the solar sector are still pretty bullish.
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The list of solar installation fundings gets longer with Verengo Solar Plus nabbing $9.7 million from Angeleno Group. The Orange, Calif., company is among southern California’s largest installers. Angeleno is a private equity firm investing in alternative energy and energy related companies. PRESS RELEASE Verengo Solar Plus Receives $9.7 million Expansion Investment from Angeleno Group [...]
Venture capitalists aren’t anxious to back solar panel makers, but it’s a whole different story if you’re in the installation business. Since last June, VCs have invested about $99 million in at least five solar panel installation companies. RockPort Capital Partners is the latest to jump into the sector, leading a $7 million Series B [...]
Suvi Sharma wrestled $65 million from venture capitalists for Solaria Corp. in the third quarter to claim the largest solar financing of this year’s lethargic summer months. Even so, the president of Solaria is the first to admit the funding environment is tough and that the reticence of general partners may signal the end of [...]
Solar module maker MiaSole will announce within two weeks “one of the larger solar financings this year,” according to a source familiar with the financing. The prospect of another large round for a solar company breathes new life into a sector many VCs view as over-invested. The news confirms a report last month that 9-year-old MiaSole [...]