SolFocus Inc., a Palo Alto, Calif.-based developer of solar concentrator photovoltaic systems, has raised $52 million in new VC funding. This includes $27.4 million for a new European subsidiary (SolFocus Europe), and $24.6 million in Series B funding for the U.S. parent company. Return backer New Enterprise Associates led the deal, and was joined by Moser Baer India, Metasystem Group, NGEN Partners and Yellowstone Capital.
SolFocus announced in July 2006 that it had secured $25 million of a Series A round that was expected to be capped at $32 million. That deal is separate from the new infusion. www.solfocus.com