eSolar, producer of solar power plants, Raises $130M

As reported in AlwaysOn, “eSolar, producer of solar power plants, is getting a huge infusion from, Oak Investment Partners and Idealab. The funding suggests green investment is undeterred by market turmoil.” The information comes from a press release, which is available as a PDF that the article links to.

This is important news. The use of solar and other clean technologies, like wind power, is lagging behind in the US vs. many European countries. We need investment to bring the latest innovations to the market in a robust way, and we need implementation of clean power on a large scale.

read more | digg story

Original text © James K. Bashkin, 2008

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