Solargen Energy gets $4.1M for solar farm

Solar power developer Solargen Energy has secured $4.1 million of an expected $10 million in a second round of funding, according to a filing with the SEC. UMC Capital and Chinatrust Venture Capital participated in the round. The funding comes as the public company develops a 420 MW solar farm in central California’s Panoche Valley. Solargen expects the farm, which will cover 16,000 acres, to generate energy for more than 125,00 PG&E residential customers.