PE-Backed Genalta Power Nets $30M in Project Financing
Genalta Power Inc., which converts waste energy into power applications, has closed a $30 million project finance facility, the first phase of a strategy targeted at raising $62 million in related funding. The financing was structured against a fully built and operational power project, with the balance of monies earmarked to build out an additional 27 MW of generation facilities. Genalta has been a portfolio company of Canadian specialty investment firm Crown Capital Partners since late 2012.
2 August 2013•3 mins read
