Silver Lake Kraftwerk has agreed to invest $100 million in clean energy provider SolarCity Corp. In addition to this funding, SolarCity Chairman Elon Musk will provide $10 million to the company while CEO Lyndon Rive will invest $3 million. The transactions are expected to close on or about December 7, 2015.Continue
Investor interest in solar startups is swelling, again, thanks to an uptick in installations nationwide, [...]Continue
Silver Lake has raised $653.5 million for its Kraftwerk cleantech fund even as it has [...]Continue
SolarCity launches an IPO last week as CEO Lyndon Rive sits down with VCJ for [...]Continue
Shares of SolarCity Corp jumped more than 50 percent during their market debut on Thursday, approaching the valuation the solar power company had sought before it was forced to slash its IPO price.Continue
It is not an easy time to be a cleantech venture capitalist. Still a hardened [...]Continue
Venture dollars have shifted to early from late stage investing over the past several years. [...]Continue
Cleantech venture fundings have been slow as of late. In the second quarter, dollars invested in the emerging industry fell 23% to $942 million according to the MoneyTree Report put out by PricewaterhouseCoopers, the National Venture Capital Association and Thomson Reuters, publisher of peHUB. For all of 2010, money placed with alternative energy, smart grid […]Continue
Cleantech IPOs may be gaining momentum.
Solar plant developer BrightSource Energy filed what is certain to be an explosive initial public offering last week. A couple months earlier biochemical maker Gevo launched its IPO to what proved to be a warm reception. Experimental algae-to-fuel company Solazyme is waiting in the wings.
Which company will be next? In November, Venture Capital Journal published a list of the most likely and lucrative cleantech IPOs of 2011. At the top of our list was BrightSource, so we are off to a good start.
Watch our slideshow to see the other six cleantech companies VCJ believes have a very good shot of going public this year. Our investment data comes from Thomson Reuters, publisher of this blog.Continue
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 […]Continue
SolarCity Corp., a Foster City, Calif.-based provider of solar energy system installation and design, has raised $21.5 million in new VC funding. Mayfield Fund led the round, and was joined by return backers Draper Fisher Jurvetson, DBL Investors and Generation Capital. The company previously raised around $134 million.Continue
SolarCity Corp., a Foster City, Calif.-based provider of solar energy system installation and design, has acquired the assets of Building Solutions, a provider of energy efficiency services and technology. No financial terms were disclosed. SolarCity has raised around $134 million from firms that include PG&E, First Solar Inc. and Draper Fisher Jurvetson.Continue
SolarCity Corp., a Foster City, Calif.-based provider of solar energy system installation and design, has secured $60 million from PG&E Corp. The deal is described as “tax equity financing” for solar installations for U.S. homes and businesses. SolarCity previously raised around $74 million from firms like First Solar Inc. and Draper Fisher Jurvetson.Continue
SolarCity Corp., a Foster City, Calif.-based provider of solar energy system installation and design, has raised $30 million in new VC funding. First Solar Inc. (Nasdaq: FSLR) led the round with a $25 million investment, as part of a larger strategic arrangement. Return backers include Draper Fisher Jurvetson.Continue