Fundz

Korsail Energy Secures Co-Development Investment From Solriver Capital To Support 2Gw Solar And Storage Pipeline

PRIVATEAug 12, 2022

Round Type

Venture

DenverEnergyRenewable EnergySolar

Description

SolRiver Capital, a national renewable energy investment fund, announced today a large development capital commitment to Korsail Energy. The investment enables Korsail to drive its 2GW of solar and storage projects to completion. SolRiver is excited to support Korsail in bringing its grid-friendly, clean-energy projects to rural communities across the country.

Quick answer

Korsail raised an undisclosed amount in a funding round, dated August 12, 2022. Korsail is based in Denver, Colorado, United States.

How much did Korsail raise?
Korsail raised an undisclosed amount in a funding round on August 12, 2022.
What does Korsail do?
The investment enables Korsail to drive its 2GW of solar and storage projects to completion.
Where is Korsail based and how big is it?
Korsail is based in Denver, Colorado, United States.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Korsail that raised within 45 days of this round, from Fundz verified event records.

  • Caelux raised an undisclosed amount (Funding Round) on September 23, 2022.
  • Mainspring Energy raised an undisclosed amount (Series E) on September 21, 2022.
  • Nexus Renewables raised an undisclosed amount (Funding Round) on September 21, 2022.
  • Hero Future Energies raised an undisclosed amount (Funding Round) on September 20, 2022.
  • Ojjo raised $40M (Series C) on September 20, 2022.
  • Solo raised an undisclosed amount on September 19, 2022.

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Company Information

Company

Korsail

Location

Denver, Colorado, United States

About

The investment enables Korsail to drive its 2GW of solar and storage projects to completion. "Korsail has an impressive portfolio of high-quality solar and storage projects under development in various markets, which are a great fit for SolRiver's investment platform. "In addition, SolRiver's investment provides Korsail the capital to fund the major development expenses and corporate overhead required to succeed with our transformative portfolio of projects." About SolRiver Capital Based in Denver, Colorado, Korsail develops solar and storage projects from coast to coast. Korsail will be able to tap into SolRiver's extensive network across the country, and benefit from the SolRiver team's deep expertise in complex energy markets," explained Don Buchholz, VP of Development at Korsail. Korsail is private equity backed, well-capitalized and actively looking to develop projects across the country.

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