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Globespan Part of $100M Solar Power Financing

Boston-based Globespan Capital Partners is among a group of investors and lenders contributing to a $100 million financing round for Solar Power Partners (SPP) of Mill Valley, CA, the company announced today. SPP develops and operates small solar-power installations and sells the electricity to facilities such as data centers, retail stores, hospitals, universities, and municipalities. Other backers included Carrelton Asset Management, Dry Creek Ventures, Energy Investors Funds, the Enlightened World Foundation, Silicon Valley Technology Group, and United Commercial Bank.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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