Solairedirect raises $26M for French solar power
A Paris company called Solairedirect has raised $26 million (€20 million) for solar power production, including both rooftop and ground installations of solar panels.
The outfit calls itself an “integrated solar power provider,” with its fingers in all stages of the business, from manufacturing the panels to the maintenance and operation of installed equipment.
According to a press release, Solairedirect has 150 employees, and 300 megawatts of solar power currently in development.
Existing investors Demeter Partners, Schneider Electric Ventures and TechFund joined the round, as well as several insurance companies.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.