SPG Holdings, LLC, on Tuesday announced the closing of a $13 million equity financing through the Global Environment Fund and Robeco.
SPG Holdings, LLC includes SPG Solar, Inc., a leader in design and installation of photovoltaic power systems and Thompson Technologies Industries, Inc., which designs, manufactures and sells solar photovoltaic (PV) products.
SPG Holdings said it will use the funds to support growth both nationally and internationally. The funding will continue to allow SPG Holdings to secure the appropriate level of materials and resources to support its development plans for business.
“The solar industry appears to be on the verge of its largest growth cycle,” says Thomas Rooney, CEO of SPG Solar. “We want to capture that growth and expand SPG Holdings along with it. When we look back 10 years from now, we’ll likely see growth that will have eclipsed the advances of the last eight years. With a pro-solar administration in Washington and new markets emerging worldwide, the expansion opportunity for solar energy is favorable.”
SPG Solar, Inc. has more than 1,300 grid-connected PV systems in service throughout the Western United States.
Established in 1990, the Global Environment Fund (GEF) manages private equity dedicated to clean technology, emerging markets, and sustainable forestry, with approximately $1 billion in aggregate capital under management.
Robeco, established in Rotterdam in 1929, has around EUR 111 billion in assets under management (at 31 December 2008). The product range encompasses equity and fixed-income investments, money-market funds, responsible investing and alternative investments, including private equity, hedge funds and structured products. The various strategies are managed from Rotterdam (head office), Boston, Hong Kong, New York, Paris and Zurich.
Loading...