Recurrent, ProLogis team up for 4.8 MW of rooftop solar in Spain
Recurrent Energy, a rooftop solar power developer in the U.S., has branched globally, teaming with major warehouse builder ProLogis to turn thousands of square feet of roof in Madrid and Barcelona into a distributed 4.8 megawatt powerplant — large enough to electrify close to 4,000 homes — by the middle of 2010.
The most interesting part of the story may very well be the choice of Spain for the deal. Recurrent Energy is based in San… Continue Reading
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.
Roundup: Yahoo’s Euro head out, e-commerce down, and more
Hope you had a delicious Thanksgiving. Here’s proof the news machine never stops:
Yahoo’s European head says arrivederce – Toby Coppel, in charge of Yahoo’s Western European market, is out, according to All Things D.
But Icahn is buying — Billionaire investor Carl Icahn is circling the bleeding hulk that is Yahoo like a shark, having just bought up about $67 million more in company shares. He now holds about 5.5 percent of Yahoo.
E-commerce shrinks — Online sales need… Continue Reading
Big money continues flowing to solar services, with $75M Recurrent Energy funding
In another sign of the torrid growth of solar services — the industry that moves solar cells from manufacturers to their new homes on rooftops and in utility installations — Recurrent Energy has secured $75 million from a private equity firm to expand its business.
Recurrent is the firm behind projects like San Francisco’s planned 5-megawatt municipal installation, which will be installed and owned by the company, with the city buying electricity at a set rate…. Continue Reading