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.