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Financing is raised from existing investors
May 24, 2012
By: DAVID SAVASTANO
Editor, Ink World Magazine
SoloPower raised an additional $7.1 million in financing from existing investors, according to a filing with the Securities and Exchange Commission. The thin-film solar company, which is building out and staffing a $340 million manufacturing facility in North Portland, last year finalized a $197 million loan guarantee. A $20 million round of debt and options closed in December was identified by SoloPower CEO Tim Harris as a “critical step” toward completing the Portland facility. This week...
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