GP Bullhound advises Skyline Solar, manufacturer of integrated concentrated solar power systems

GP Bullhound, the technology investment bank, has completed its funding round for the Mountain View, California-based company Skyline Solar, Inc. (“Skyline”), which will allow Skyline to ramp its recently announced next generation X14 integrated concentrated photovoltaic (CPV) system. The terms of the financing were not announced.

Skyline Solar manufactures integrated CPV systems, incorporating industry-proven silicon cells, durable mirrors and single-axis tracking into an easy-to-deploy energy solution. The Skyline Solar X14 System delivers a levelized cost of energy (LCOE) below ten cents per kilowatt-hour (kWh), including incentives, in areas with high sun exposure. Built primarily out of commodity materials and assembled using globally available manufacturing processes, the Skyline X14 System offers customers excellent financial returns and outstanding scalability.

Tom Rohrs, Skyline’s chairman and CEO, said, “We selected GP Bullhound because of their global reach, which provided us with access to investors in the United States, Europe and Asia. Their strong track record, experience and breadth of relationships in the renewable energy sector proved highly valuable to our fundraising process.”

Skyline Solar represents the completion of GP Bullhound’s sixth transaction in the clean technology sector in the past 18 months and further solidifies the firm’s global leadership position in the solar sector.