Tuesday, May 09, 2006

SolarCentury and a new cleantech index on the NASDAQ

  • SolarCentury, a UK-based developer of rooftop solar systems combining both thermal and PV, completed a ~$10.3mm round of financing. VantagePoint Venture Partners led the round, which also included existing investors Scottish and Southern Energy. A conversion of $2.6mm of debt into equity was part of the round. The company reports they doubled revenues over the past year to nearly $30mm.

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