CaliSolar shines with $60M for photovoltaic cells
CaliSolar, a Sunnyvale, Calif. maker of solar cells has brought in $60 million in equity, rights and securities, reports VentureWire. This is a good amount for a company that just landed $101.8 million in November. It plans to use the new financing for a plant that makes cells out of metallurgical-grade silicon — a much cheaper material than pure silicon.
Hudson Clean Energy Partners, Advanced Technology Ventures and Globespan Capital Partners provided the recent round.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.