We are laser focused on executing our strategic plan, delivering returns to investors and deploying new renewable energy projects.
SAN DIEGO, CA (PRWEB) December 11, 2014
Equal Earth, a diversified renewable energy company, today announced the completion of a new round of corporate equity financing on the heels of several major acquisitions. The round was oversubscribed to and includes participation from a prominent group of angel investors and entrepreneurs.
The capital will be used to scale the firm’s portfolio of assets and acquire renewable energy companies and projects. Some of the proceeds have been used to fund Equal Earth acquisitions that have recently closed. The remaining capital will be used for acquisition of companies and projects that support the firm’s long-term strategy.
“This round of financing is a testament to the confidence that investors have in Equal Earth’s portfolio and management team,” said Equal Earth Chairman, President and CEO, Andrew Duggan. “Going into 2015, we are laser focused on executing our strategic plan, delivering returns to investors and deploying new projects across the US,” added Duggan.
In the past 60 days, Equal Earth announced that it had acquired two companies in Hawaii as part of a broader vertical integration strategy, a 5 MW solar farm in Ohio, and various solar projects for educational and government institutions in the Midwest.
About Equal Earth
Based out of San Diego, Equal Earth is a diversified renewable energy company with a portfolio of assets providing customers lower-cost, environmentally conscious clean energy solutions. The company provides customers with renewable energy solutions that enable homeowners and businesses to significantly lower their monthly utility bills. By developing and financing projects powered by renewable energy sources, Equal Earth is helping to change how we power the world. For more information, visit http://www.equalearthcorp.com.