Dive Summary:
- Duke Energy Corp. has contributed to a $42 million funding round to support Clean Power Finance, developing its online financing service for residential solar power systems.
- Duke is joined by existing investor, Edison International, and two other utility holding companies participating in this round, the San Francisco-based Clean Power announced Thursday.
- Utilities have invested in Clean Power Finance, which has gained $500 million in project financing, to nab prime access to the rooftop solar industry.
From the article:
“The company operates an online system that matches potential investors with solar developers seeking funding for projects, Chief Executive Officer Nat Kreamer said in an interview.”