Solar thermal farm developer lines up $27M

Roughly a month after securing a federal loan to build its first solar farm in the U.S., SolarReserve has raised $27 million in equity, according to a government filing. The company will need the funds to complete the solar power plant and work on additional projects.

Chinese Solar Project Developers Tackling U.S.

The U.S. market isn’t just attractive to solar energy equipment makers from China, it also is drawing project developers from the country. GCL Solar Energy, owned by a Chinese silicon wafer maker, has lined up over $100 million from Wells Fargo.