Wednesday, March 01, 2006

Renewable Ventures and MicroGreen Polymers

  • Renewable Ventures, which is going to be providing financing to offset the upfront costs of installing solar systems, has announced that they (and their institutional investors) have $100M of funds to put into such financings. See this Red Herring story for more information on the company's efforts; the company appears to be an emerging competitor to SunEdison, which earlier raised $60M for third-party solar financing, as well as GE Commercial Finance, which is also providing financing options. Renewable Ventures claims to have financed 1MW of solar developments through 2005.
  • MicroGreen Polymers, which has developed thermoformed plastics with added durability and heat insulation, has raised $2.4M in their first significant raise of capital. Two unnamed private financing groups led the raise, which also included WRF Capital and local angel investors. As this article describes, one of the most promising early applications for the plastic would be eliminating the need to "double-cup" when you get your morning caffeine fix...


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