Solel takes whopping $105M investment for solar thermal
This story has climbed beyond the realms of venture capital, but is a good example of a solar thermal company gaining significant traction: Solel, a manufacturer and installer of solar thermal energy generators, has taken in $105 million from London-based investment firm Ecofin.
In the space of the past couple years, the 20 year old Israeli company has taken flight, accumulating contracts and equipment orders and signing agreements to build major generation projects in California and… Continue Reading
Whopping $113M round for biodiesel company, Imperium
Biodiesel company Imperium Renewables, of Seattle, said it has raised $113 million in equity financing and is wrapping up a $101 million line of credit, continuing the massive injection of capital into the alternative fuel sector.
The financing of Imperium, run by former Microsoft executive and venture capitalist, Martin Tobias, is believed to be the biggest private equity investment in the sector to date.
The company said Société Générale is arranging the credit financing.
From the statement:
The… Continue Reading