Slideshow: Solar Still Drives Cleantech Investing

Solar continued to be the driving force behind cleantech investing in the first quarter as venture capitalists shifted dollars to more mature, later stage companies.

The quarter saw investors worldwide pour $2.57 billion into 159 companies, a 13% increase in dollars from last year, according to the Cleantech Group. The majority of the money – 93% – went to follow-on rounds.

Surprisingly, this more cautious environment was fertile ground for solar deals. Solar startups attracted $641 million, or 24% of total dollars, as several big deals led the way. The next closest industry sector was transportation, with less than half the committed dollars.

SoloPower Receives $197M In DOE Loan Guarantees

SoloPower was awarded $197 million in Department of Energy loan guarantees on Thursday. The funds will go to develop a 400 MW facility for manufacturing thin film solar cells. San Jose-based SoloPower’s backers include Hudson Clean Energy Partners, Crosslink Capital, Convexa, and Firsthand. PRESS RELEASE p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; text-align: center; font: 19.0px Arial} […]

Solyndra Raises Nearly $220 Million

Solar company Solyndra has raised $219.2 million in a Series E financing from 23 investors, according to a regulatory filing, making it the second largest U.S. cleantech financing in 2008. The Fremont, Calif.-based company makes copper indium gallium selenide (CIGS) solar power installations. Its latest financing round is smaller than the $300 million raised by […]

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