Ausra Secures Preferred Equity Financing

Posted by SI Staff on October 02, 2008 No Comments
Categories : FYI

Ausra Inc., a provider of large-scale solar thermal energy systems, has secured $60.6 million in its latest preferred equity financing, led by KERN Partners and including Generation Investment Management, Starfish Ventures, Khosla Ventures and Kleiner Perkins Caufield & Byers.

Ausra says the investor group committed these funds in support of the company's cost-competitive technology, seasoned management team and global expansion plans. Proceeds from the financing will fund the company's research and product development and commercial activities, including the completion of its 5 MW Kimberlina solar thermal power project near Bakersfield, Calif.

SOURCE: Ausra

Leave a Comment