Haywood Dorland Energy Capital, LLC, Invests in SolFocus, Inc., the Leading Developer of Advanced Concentrator PV Solar TechnologiesPosted by EcoFriendly
Haywood Dorland Energy Capital, LLC, Invests in SolFocus, Inc., the Leading Developer of Advanced Concentrator PV Solar Technologies
CHAPPAQUA, N.Y.–(BUSINESS WIRE)–Haywood Dorland Energy Capital, LLC, a private equity firm, announced today that it has made an indirect equity investment in CPV solar energy company, SolFocus, Inc. SolFocus is the leader in concentrator PV solar power technology development. Haywood Dorland, led by Steven Pottle, focuses on funding solar panel and general solar power companies and projects. The investment was completed through an investment vehicle formed by Advanced Equities, Inc. SolFocus has previously received funding from New Enterprise Associates, NGEN Partners and Yellowstone Capital, Inc., which are leading investors in solar energy companies, including solar panel manufacturers.
As noted by Steven Pottle, the Managing Principal of Haywood Dorland Energy Capital, LLC, “SolFocus has developed leading concentrator photovoltaic (CPV) solar panel technology which combines high-efficiency solar cells (approaching 40%) and advanced optics to provide solar energy solutions which are scalable, dependable and capable of delivering on the promise of clean, low-cost, solar energy. This is a key strategic solar energy investment that will be followed by others, including ones in different solar panel technologies, as we continue to build our portfolio of operating assets and financial investments.\”