CaliSolar Buys 6N Silicon, Raises New Venture Capital
CaliSolar Inc., a Sunnyvale, Calif.-based developer of solar cells using “dirty” metallurgical grade silicon, has acquired 6N Silicon Inc., an Ontario-based supplier of solar-grade silicon to the photovoltaic industry. No financial terms were disclosed, except that CaliSolar has raised $22.5 million in new funding from existing shareholders and 6N Silicon backers. CaliSolar previously raised over $100 million from Hudson Clean Energy, Advanced Technology Ventures and Globespan Capital Partners. 6N Silicon had raised more than $20 million from Good Energies, Ventures West Management and Yaletown Venture Partners.
11 February 2010•3 mins read
