CaliSolar shines with $60M for photovoltaic cells
CaliSolar, a Sunnyvale, Calif. maker of solar cells has brought in $60 million in equity, rights and securities, reports VentureWire. This is a good amount for a company that just landed $101.8 million in November. It plans to use the new financing for a plant that makes cells out of metallurgical-grade silicon — a much cheaper material than pure silicon.
Hudson Clean Energy Partners, Advanced Technology Ventures and Globespan Capital Partners provided the recent round.
Next Story: Lead Therapeutics captures $3M for cancer treatments
Previous Story: Apple to cut price of newest Mac OS to $29
About the Author, Camille Ricketts
Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.
