Solar Power Partners Raises $115 Million

Solar Power Partners, a Mill Valley, Calif.-based operator of solar energy facilities, has secured $115 million in new financing. The deal consists of debt, term debt and tax equity provided by U.S. Bank and WestLB AG, and is expandable by another $100 million. The company previously raised over $150 million in debt and equity funding, from firms that include United Commercial Bank, Globespan Capital Partners, Energy Investors Funds, The Enlightened World Foundation, Carrelton Asset Management, Dry Creek Ventures and Silicon Valley Technology Group.

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