Funding: Solarcentury Raises $27.2M

Solarcentury Holdings, a London-based supplier of solar photovoltaic systems, says it has raised 13.5 million British pounds ($27.2 million) led by Zouk Ventures and Good Energies, and including Vantania Holdings Limited, Foursome Investments, VantagePoint Venture Partners and Scottish and Southern Energy.

The funding round — the company’s fourth — will be used to help further expansion in Europe, according to a release posted on Solarcentury’s Web site. In May 2006, the company raised 5.5 million pounds ($11.1 million) from VantagePoint Venture Partners and Scottish and Southern Energy PLC, which included the conversion of a 1.4-million-pound ($2.82 million) investor loan to equity. Solarcentury was founded in 1998.

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