Recurrent Energy Receives $75,000,000 New Financing

  • Feed Type
  • Date
    7/16/2008
  • Company Name
    Recurrent Energy
  • Mailing Address
    300 California Street, 8th Floor San Francisco, CA 94104
  • Company Description
    Recurrent Energy is transforming the solar energy marketplace–bringing solar to the mainstream via our turnkey Solar as a Service offering. We are exclusively focused on serving the needs of organizations with large property portfolios, applying our capital and operating expertise to transform vacant rooftops into value-generating assets. Our innovative siting and operating model, plus an efficient project financing structure, enable the company to deliver solar energy at rates that are competitive with today’s utility tariffs.
  • Website
    http://www.recurrentenergy.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $75,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Proceeds purposes will be to fund the expansion of Recurrent Energy’s business providing Solar as a Service to commercial and industrial properties, as well as utility and government markets in North America, and emerging markets worldwide.
  • M&A Terms
  • Venture Investor
    Hudson Ventures

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