NOVATO, USA: SPG Holdings, LLC, announces the closing of a $13 million equity financing through the Global Environment Fund and Robeco.
SPG Holdings, LLC includes SPG Solar, Inc., a leader in design and installation of photovoltaic power systems and Thompson Technologies Industries, Inc., which designs, manufactures and sells innovative and best-of-breed solar photovoltaic (PV) products.
SPG Holdings is utilizing the funds to support growth both nationally and internationally. The funding will continue to allow SPG Holdings to secure the appropriate level of materials and resources to support its development plans for business.
“The solar industry appears to be on the verge of its largest growth cycle,” says Thomas Rooney, chief executive officer of SPG Solar. “We want to capture that growth and expand SPG Holdings along with it. When we look back 10 years from now, we’ll likely see growth that will have eclipsed the advances of the last eight years. With a pro-solar administration in Washington and new markets emerging worldwide, the expansion opportunity for solar energy is favorable.”
“This is a great opportunity for SPG Holdings,” says Dan Thompson, founder and chairman of SPG Solar, Inc. “Both SPG Solar and Thompson Technologies now have the ability to do multiple large scale projects.”
SPG Holdings has seen substantial growth over the last several years. This funding will take the company to the next level in terms of project size and company expansion.
The near term plans include expansion throughout the United States and the infusion of capital provides greater ability to respond to the growing opportunities.