Monday, September 26, 2011

OneRoof Energy Lands $50M

San Diego-based One Roof Energy, a developer of residential solar installation services and products, announced this morning that it has raised $50M in a financing round, from a Korean corporate conglomerate, Hanwha International. According to One Roof Energy, the funding will go towards launching its residential solar leasing program. One Roof has an integrated program which both replaces a roof and also installs solar energy on residential properties. In addition to the new funding, One Roof Energy said it has inked a fund to help finance residential solar projects, from Black Coral Capital, a subsidiary of U.S. Bancorp, and also is working with Citigroup Global Markets on additional residential solar funds. More information »

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