Terra-Gen Power Lands $55,000,000 New Funding Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=30ec95ec-7f33-46e3-8a1b-3e04dab51529&Preview=1
Date
5/24/2011
Company Name
Terra-Gen Power
Mailing Address
1095 Avenue of the Americas 25th Floor New York, NY 10036
Company Description
Terra-Gen Power is a renewable energy company focused on geothermal, wind and solar generation. Terra-Gen Power owns 1,131 MW (net equity) in twenty-one operating renewable energy projects across the Western United States.
Website
http://www.terra-genpower.com
Transaction Type
Venture Equity
Transaction Amount
$55,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The Google investment, alongside money from Citibank, will support Phase IV of the so-called Alta Wind Energy Center.
M&A Terms
Venture Investor
Google Ventures