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Here’s the latest action we’re following on the GreenBeat:
Tessera sells 850-megawatt Calico project to K Road Power — Putting an end to weeks of speculation, the troubled solar company has sold one of its just-approved California solar projects to power developer K Road, according to a company announcement. As Earth2Tech notes, the project was supposed to be a showcase piece for Tessera and its Suncatchers technology.
Ready Solar has been acquired — Greentech Media reports the company has been bought, but details of the deal have not been announced; the article speculates that the buyer could be Sun Edison, whose founder, Jigar Shah, is chariman of the board of Ready Solar. The startup makes solar systems that can be installed quickly and easily for small solar projects.
California solar regulators say solar thermal rush is over — The state made headlines for a year-end rush to approve solar thermal projects so the installations could qualify for a tax credit before it expired at the end of this year. But Congress extended the program, so the push may have been an overreaction, Reuters reports. The California Energy Commission expects a slower year next year.
SolFocus names new investors in planned $50 million round — In an SEC filing noted by Greentech Media, the solar company (pictured) names investors in its fourth-round of fundraising — Apex Venture Partners, NGEN Partners, NEA and Suzhou Dongshan Precision Manufacturing. As of November, SolFocus had raised $20 million. SolFocus makes concentrating solar system modules, which use mirrors to magnify sunlight, resulting in increased energy yield.
GreenVolts looks to raise $38.8 million — The concentrated solar system maker raised $7.5 million in debt in August and is looking to do a big round of equity funding, according to Earth2Tech. An SEC filing reports the company has closed on $22.44 million so far from existing investors Oak Investment Partners. GreenVolts makes concentrated solar systems, which magnify the effect of sunlight to increase power yield from the sun.
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