Friday, May 31, 2013

Skyline Innovations to expand solar water heating efforts

USA: Skyline Innovations Inc., a national leader in the financing and installation of solar water heating systems, has closed $2 million in mezzanine financing to fund its continued expansion.

CCM US LLC, a Washington, DC based asset management group investing in clean energy and real estate led the investment.  Co-investing with CCM is DC Community Ventures, a community development venture capital fund that invests in DC metro companies with significant profit potential that deliver financial returns to investors and social returns to local communities.

The $2 million total investment will further Skyline's expansion, increase its ability to provide underserved communities with solar and create local job opportunities in construction and project management.

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