Six Investment Partners Provides $161 Million In SunEdison's Equity and Debt Financings.

SunEdison Closes $161 Million in Financing
BELTSVILLE, MD – May 23, 2008 – SunEdison, North America’s largest solar energy services provider, today announced that it has closed $131 million of private equity and $30 million of debt financing with new and existing investors over the last six months. Investors include Greylock Partners; HSH Nordbank AG; Applied Ventures, LLC; Black River Commodity Clean Energy Investment Fund, a fund managed by Black River Asset Management; MissionPoint Capital Partners; and Allco Renewable Energy Limited. These financings are designated to support the operational resources of SunEdison.

Tags: Solar Business, energy investing, SunEdison

Duke Energy in Search Of Solar Deverloper

NEW YORK -(Dow Jones)- Looking to develop its renewable energy portfolio, Duke Energy Corp. (DUK) is seeking to acquire a solar project development company, Clean Technology Investor has learned.

In May, the Charlotte, N.C.-based power company bought Austin, Texas-based wind-power development business Tierra Energy LLC from Energy Investors Funds for an undisclosed sum. That acquisition included more than 1,000 megawatts of wind assets under development in the Western and Southwestern U.S.

(This story also appeared in Clean Technology Investor, a newsletter and information service published by Dow Jones & Co.)

Now the company is looking to broaden its renewable power project development expertise by adding a solar developer to the mix. The company is "actively pursuing some joint ventures and potential acquisitions of solar developers," said David Mohler, Duke Energy's chief technology officer, in an interview. " That's a model that's very interesting."

Mohler wouldn't disclose the names of any potential targets, nor did he set a time frame for when a transaction might be completed.

Complete article at CNN

Tags: Clean energy, energy investing, Clean Technology, Duke Energy, solar developer