Solar Power Partners Inc. (SPP), a national commercial solar energy services provider, has closed nearly $100 million of equity and debt financing to date.
Additionally, SPP expects to close an additional $60 million in committed project financing in 2008. These additional funds will be used for development of solar energy facilities and associated asset management services.
SPP's investors and lenders include United Commercial Bank, Globespan Capital Partners, The Enlightened World Foundation, Carrelton Asset Management, Dry Creek Ventures, Silicon Valley Technology Group and most recently, Energy Investors Funds, a private equity investor in the U.S. power market, among others.
Proceeds from the various financings are for nationwide corporate expansion, project development, and equity participation in SPP's proprietary special purpose vehicle solar energy funds.
SOURCE: Solar Power Partners Inc.