SolarReserve Secures Second Round Of Funding

SolarReserve, a developer of utility-scale solar power plants, has closed a second round of funding totaling $140 million. The additional funds will enable the company to advance its development of more than 5,000 MW of utility-scale power plants in locations across the globe, each ranging in size from 50 MW to 300 MW.

The financing was led by the renewable energy private equity group within Citi Alternative Investments, Sustainable Development Investments (SDI) and Good Energies. Other investors include US Renewables Group, PCG Clean Energy & Technology Fund, Nimes Capital and Credit Suisse.

SOURCE: SolarReserve


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