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The Week in Green Energy: Where Will the Funding Come From?

The Department of Energy Loan Guarantee program sunset this week, and, with only  slim chance that the program will be extended, renewable energy developers may soon find it more difficult to finance their project pipeline. Even worse, the guarantees are ending at a time of financial uncertainty fueled by the European debt crisis. Commercial banks,…

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Westly Out Raising Third Fund as Investors Shy Away From Sector

It’s taking longer for Cleantech-focused venture fund The Westly Group to raise its third fund as it faces an investor community that’s eager to put their money to work in sectors, such as  IT or social media, that offer faster returns. When it comes to cleantech and clean energy,  ”the market place is skeptical,” Westly…

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Solar CPV Developer Announces 9-Digit Funding Round

Another day, another huge cleantech venture capital funding round, today Amonix, a Seal Beach, Calif.-based maker of concentrated photovoltaic (CPV) solar power systems, has closed a $129.4 million Series B funding. Kleiner, Perkins, Caufield & Byers led the round. Other participants included Adams Street Partners, Angeleno Group, PCG Clean Energy & Technology Fund, Vedanta Capital,…

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Clean Tech VC Westly Group Raises $100M for Second Fund

The latest piece of news coming out of the Reuters Global Climate and Alternative Energy Summit in San Francisco comes from Westly Group founder, Steve Westly, who is about to close a second fund, exceeding $100 million. Also speaking at the conference earlier this week was Google’s green czar Bill Weihl, who told attendees that…

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