updated
Solar cell manufacturer HelioVolt Corp. has raised $77 million in a second round of financing, despite the setbacks seen at a number of other companies using the same “CIGS” technology.
Tech Confidential reports the news here.
Update: This morning, VentureWire (subscription only) has followed and notes the round’s investors: Abu Dhabi’s government-affiliated Masdar Clean Tech Fund and U.S.-based Paladin Capital Group led the round for the Austin, Tex. company. Also participating were Solucar Energias, the solar subsidiary of Madrid-based industrial company Abengoa SA, Morgan Stanley Principal Investments and Sunton United Energy, a Utah venture capital firm.
The company had already raised $9 million.
Tags: co:Abengoa, co:HelioVolt, co:Solucar-Energias, deal, inv:Masdar-Clean-Tech-Fund, inv:Morgan-Stanley-Principal-Investments, inv:Paladin-Capital-Group, inv:Sunton-United-Energy
11:18 pm
How long will the PV venture funding boom continue? « from the inside, looking in said:
[...] How long will the PV venture funding boom continue? September 14, 2007 Posted by fukumimi in Overseas, Japan, Energy, Economy & Business. trackback Lots of and lots of money being ploughed into photovoltaics at the moment, especially hot is non-Si thin film solar. Nanosolar, Heliovolt, Miasole, Solyndra, DayStar, the list goes on. Each one has raised tens of millions of $ of VC financing. Most of these non-Si PV companies are doing CIGS (Cu-In-Ga-Se) thin films or variations thereof, but it seems things are not going to plan in the world of thin film solar ventures. Lots of reported management changes, including this latest one, but the money keeps pouring in. [...]
10:25 pm
VentureBeat » HelioVolt raises $101M — biggest solar investment yet? said:
[...] This brings the Austin, Texas’ company’s total second round to a huge $101 million, making it the largest clean-tech venture capital financing on record — or at least that we’re aware of. The company raised $77 million in August. [...]