The World's #1 Renewable Energy Network for News, Information, and Companies.

Borrego Secures US $14M in Venture Financing

Borrego Solar Systems Inc. announced that it has secured US $14 million in venture financing. The capital will be used to fuel a geographic expansion and to support the company's next phase of corporate growth. The company will also use the round of financing to expand its commercial and government design and installation operations into the Mid-Atlantic Region and to develop new integration solutions which will reduce overall system cost and ultimately speed return on investment for its customers.

Borrego Solar closed 2008 with US $60 million in revenue and more than US $90 million in contracts, making it one of the country’s fastest growing solar companies. The company was the eleventh fastest growing private energy company according to Inc. Magazine and #261 overall. Borrego has installed solar systems on schools, affordable housing communities, grocery and retail businesses as well as town and municipal facilities in California and New England.

In related news, John Robert Wallace and Stan Chang are joining Borrego Solar’s Board of Directors. Wallace has more than two decades of experience in executive positions in solar, electric drive trains and battery technologies, at companies including Xantrex and Ford Motor Company. Wallace was CEO of Xantrex before selling the company to Schneider Electric in 2008.

“In 2008, we had a record year that saw us cement our position as one of North America’s largest and most respected designers and installers of commercial and residential solar electric systems,” said Aaron Hall, CEO of Borrego Solar. “However, we believe we have only scratched the surface of the company’s and the market’s potential. The additional funding combined with the significant market expertise and operational experience of John and Stan will help us accelerate our growth and capitalize on the immense business opportunity facing the company in 2009.”

Hall was part of a roundtable discussion that organized last fall at Solar Power International, where he and other industry representitives discusses issues currently facing the solar industry and what some of the solutions might be. To see the roundtable, play the vide below.


First Anniversary of The Balkan Floods Highlights Renewable Energy Market Opportunities

Ilias Tsagas, Contributor One year ago this month, severe flooding in Serbia, Bosnia-Herzegovina and Croatia killed 79 people, displaced about half a million and caused economic paralysis of the region. In the wake of these the catastrophic events, ...
Canadian Climate Goals

Canada Announces Weak Climate Target

Danielle Droitsch, NRDC Last week, Canada has announced its contribution to the global effort to reduce greenhouse gases by announcing its post-2020 target. The target announced today is off-track to the 80 percent cut by 2050 they committed to in...
Renewable Energy Stocks

What Drives Alternative Energy Stocks?

Harris Roen, The Roen Financial Report Alternative energy became a serious market player after the turn of the millennium. Since that time, solar, wind, smart grid and other alternative energy stocks have experienced both strong up and down trends. The forces at...
Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.


Volume 18, Issue 3


To register for our free
e-Newsletters, subscribe today:


Tweet the Editors! @megcichon @jennrunyon



EU PVSEC 2015 (European PV Solar Energy Conference and Exhibition)

The EU PVSEC is the largest international Conference for Photovoltaic re...

Webinar: Single-Phase Inverters and NEC 2014 Rapid Shutdown Require...

This webinar will walk through Solectria's single-phase, transformerless...

More Power, More Profit Tour - Austin

Register for the SMA More Power, More Profit Tour for free, in-person sa...


EU PVSEC 2014: Call for Papers Receives Great Response

More than 1,500 contributions apply for presentation in AmsterdamScienti...

EU PVSEC 2014 extends its Scope

Added focus on application and policy topicsAbstracts for conference con...

Harnessing the #ElonEffect: Deconstructing the PR Success of Tesla’...

As most of the world has heard by now, Tesla and its co-founder, Elon Mu...


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now