Weekly Intelligence Brief
eSolar raises additional capital
30 July 2009
eSolar has expanded a recent funding round to $35M, according to a regulatory filing by the company.
According to a report filed by socaltech.com, the company had raised $30 million from Indian firm ACME Group back in March. It appears that the additional capital comes as an extension of the same funding deal.
eSolar and ACME Group are in a deal to build 1,000 MW of solar power plants over the next 10 years in India. eSolar also named ACME as a master licensee of its technology in India.
eSolar designs and develops CSP projects that start at 46MW and are scalable to any size.
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