Recurrent Energy Receives $75,000,000 New Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c8ba2275-c5ee-4409-b2b3-477213112863&Preview=1 -
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
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Venture Investor
Hudson Ventures
