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.
- CleanEdge and NASDAQ have announced they are teaming up on a clean energy index. Yet more visibility for investments in the cleantech segment, even if it's not directly related to private equity investments. Joel Makower shares some of his thoughts on the announcement on his personal site today...
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