Concentrated Solar Power – SolarReserve raises USD 27 million in equity financing

SolarReserve LLC (Santa Monica, California, U.S.) focusing on concentrating solar power (CSP) has raised USD 27 million in equity financing, according to a company’s filing with the U.S. Securities and Exchange Commission.

The company intends to use the gross proceeds of the offering to build solar power projects utilizing a solar power tower design with molten salt storage. In July 2011 SolarReserve has received an award at the 5th CSP Today USA Summit for its Crescent Dunes Solar Energy Project.

www.solarreserve.com/index.html