Ten K Solar secures US$25 million in funding from Goldman Sachs

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Specialist US commercial rooftop systems provider Ten K Solar has secured US$25 million in new funding, led by Goldman Sachs & Co's Alternative Energy Investing Group.

Ten K Solar said that the funds would be used to expand its business in the US as well as overseas. The company claimed that it just completed three consecutive years of triple digit growth. The company is privately held. 

Joel Cannon, CEO of Ten K Solar said, “Ten K's ability to deliver significantly more energy from available roof space combined with the elegant simplicity, reliability and inherent safety of our design is driving a shift to Ten K.”

The company has PV module assembly manufacturing partnerships in China and Thailand, fabricating its low-voltage, parallel designed cell string technology.

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