September 22, 2009

Renewal Partners investee, California-based online solar provider Sungevity has raised an additional $6 million in a Series B funding round led by Greener Capital, a new venture capital firm.

Charles Finnie, managing partner in Greener Capital, said in a statement, “This is the best business model we have seen in the residential solar space. Sungevity’s unique web-based direct selling model has enabled the potential for rapid deployment, great customer service and scalability at the lowest installed cost in the industry. We are excited to invest in Sungevity, as solar power becomes competitive with grid electricity across the U.S.”

Read more here.