Cleantech and Venture Capital week in review

 Solexel, a thin-silicon solar cell and module builder, raised $31 million in a Round D of funding New investor GAF, a large roofing materials manufacturer, joined Solexel’s current roster of investors, which includes SunPower, KPCB, Technology Partners, DAG Ventures, Gentry Ventures, Northgate Capital, GSV Capital, Jasper Ridge Partners, and Spirox. The funds will be used to begin commercial … [Read more...]

Cleantech and Venture Capital week in review

Mosaic Inc., the operator of a peer-to-peer online financing platform for solar panels, is working with Enphase Energy Inc. (ENPH) to package its loans with a maintenance agreement. Mosaic's new loan product, packaged with Enphase O&M services, is expected to fulfill at least $100 million in loan volume with this new market initiative over the next 18 months.It is also a “significant step … [Read more...]

Cleantech and Venture Capital week in review

  EnergySavvy, a provider of energy efficiency cloud software to utilities and state programs, has closed its previously-disclosed funding round with $8.25 million in total funding. Backers include EnerTech Capital, El Dorado Investment Holding Co., Prelude Ventures and Pivotal Investments. Customers of EnergySavvy’s online tools include Puget Sound Energy, New Jersey Natural Gas and … [Read more...]

Cleantech and Venture Capital week in review

 Google's (GOOG) Nest, a home automation company, has agreed to buy home security and monitoring firm Dropcam for $555 million. Dropcam makes smart, wifi-enabled home monitoring systems that include motion sensors and cameras to track room-to-room movement. The monitoring systms could help Nest improve on their personalized energy management service. LIFX, a crowdfunded start-up that … [Read more...]

Cleantech and Venture Capital week in review

Silevo, a solar panel manufacturer, was acquired by SolarCity (SCTY) in a bid to drive down costs. According to a filing SolarCity will pay $200 million worth of SolarCity common stock at the close of the transaction, and an option for another $150 million in shares upon achievement of certain milestones.With the purchase, SolarCity will become a manufacturer of solar modules. Silevo's current … [Read more...]

Cleantech and Venture Capital week in review

 Boston-Power Inc., a battery manufacturer that got its start in the U.S. but moved most operations to China, is closing on a new investment of about $250 million, according to reports from the Wall St Journal. The company, founded in 2005 in Massachusetts, originally made lithium ion batteries for consumer electronics, but in 2011 launched its electric car lithium ion battery tech. Shortly after … [Read more...]

Cleantech and Venture Capital week in review

TerraForm Power Inc., a company formed to own and operate contracted clean power generation assets acquired from SunEdison (SUNE) and unaffiliated third parties, has filed for a $50 million IPO. It plans to trade on the Nasdaq under ticker symbol TERP, with Goldman Sachs, Barclays and Citi serving as joint bookrunners on the deal.TerraForm will operate as a "yield co", which is a way for solar … [Read more...]

Cleantech and Venture Capital week in review

 SunFunder, a solar investment platform for both crowd and private investors to unlock capital for solar in emerging markets, has closed a Series A equity investment led by Khosla Impact and existing angel investors. The investment will allow SunFunder to grow in East Africa and India, expand into new regions, and increase fundraising capacity.SunFunder hopes to catalyze over $1 billion of … [Read more...]

Warsaw Talks Ignore IPCC ‘Carbon Budget’ Approach

Warsaw Talks Ignore IPCC ‘Carbon Budget’ Approach (via Climate Central) By Andrew Freedman Follow @afreedma The idea of a finite “carbon budget” — a key part of the U.N. Intergovernmental Panel on Climate Change’s recent assessment of climate change — have been ignored at the ongoing climate talks in Warsaw,… … [Read more...]

China expected to install over 12 GW of solar in 2014

China Forecast To Install Even More Solar Than Previously Thought (via Clean Technica) The amount of solar power forecast to be installed in China in 2014 was recently increased to 12 GW, according to a report released by the Chinese Bureau of Energy on November 14, 2013. This includes 8 GW of distributed photovoltaic solar systems and… … [Read more...]