26 May '11, 4am

MT @tomrand: Morgan #Solar snags $16.5 million of funding Soon to hit #Grid #Parity. A top #Canadian solar company.

Morgan Solar snags $16.5 million on way to closing Series B funding round News that Toronto-based Morgan Solar raised another $16.5 million leaked out last week but the concentrated solar PV company is about to confirm the details, which include the fact that strategic investors Iberdrola and Nypro have returned for more. They join newcomer The Frost Group LLC, a private investment firm based in Miami that is led by Dr. Phillip Frost, who is also chairman of Teva Pharmaceuticals and CEO and chairman of OPKO Health, a publicly traded healthcare company that develops and commercializes a wide variety of medical products. The $16.5 million represents the bulk of what Morgan Solar is trying to raise in this round. For the rest, it’s aiming to bring aboard another strategic investor that has experience with project finance or develpment capabilities. Morgan Solar is in the midd...

Full article: http://www.cleanbreak.ca/2011/05/24/morgan-solar-snags-16...

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