SolFocus Raises $20M

Mountain View, CA-based SolFocus, a maker of optical concentrators that focus sunlight on arrays of small photovoltaic devices, has raised $20 million out of a potential $50 million in equity-based financing from unnamed backers, according to a regulatory filing. SolFocus previously raised $77 million in a 2009 Series C round and recently signed a contract to build a 300-megawatt-hour solar array in Bahra, Saudi Arabia.

Wade Roush is the producer and host of the podcast Soonish and a contributing editor at Xconomy. Follow @soonishpodcast

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