Tracxn - Solar Energy Startup Landscape

Feed Report

1. JUNE 2018
SOLAR ENERGY

2. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
TAKE SHARPER DECISIONS
WITH TRACXN
✓Analyst team Covering 250+ Sectors
✓Proprietary Business Model tagging
✓6000+ On-demand Queries answered
✓Sector Reports, Market Maps
✓One-Click Connect with Founders
Join 500+ Investors & Corporates to get the
Tracxn Advantage

3. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

4. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on June 4, 2018.
Solar Energy Feed Summary
4
Solar Energy >Feed Summary
Solutions and technologies helping in adoption and promotion of solar energy
•Inclusions: Technology Developers (companies having a core focus on
research and developing upcoming technologies), power generating
companies on a utility and residential scale, companies manufacturing
different components of solar including solar cells, solar panels, racking
system, solar trackers, power electronics (like solar inverters). Includes solar
service providing companies like offering solar installation, financing for solar
projects and customer acquisition for solar companies. Also includes solar
product manufacturing companies like solar chargers, solar wearables, solar
cooker etc. Besides this, product marketplace, software providing and
monitoring companies are also included in the feed.
•Exclusions: Energy auditing companies, advisory and consultancy
companies and other related solar service providing companies are excluded.
Also excludes solar energy technology research organization and research
labs which carry out laboratory research. Also companies providing financing
solutions and crowdfunding platforms for the solar projects are excluded.
•Excludes funding information of Chinese companies
Feed in Numbers
Overview
$27.8B
Funding
217
Mega
Companies
10763769
FundedCovered on
Tracxn
10
Unicorns
31
Soonicorns
35
Minicorns
184
IPO’dCos
458
Late Stage Cos
176
52
Acquisitions
281
DeadPooled
101
Acquihired
Series A+ Cos
SunPower
(1985, Athens, $1.7B)
FirstSolar
(1999, Tempe, Public)
Canadian Solar
(2001, Guelph, $10M)
Top Companies

5. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Investment Trend Summary
Summary of Funding Activity in Solar Energy
5
$450M -PE
Cypress Creek Renewables(2014, Santa Monica,
$450M)
$200M -PE
ReNew Power Ventures(2011, Gurgaon, $898M)
$250M -PE
GreenWish Partners(2010, Paris)
$130M -PE
Sunlight Financial(1988, New York City, $210M)
$247M -PE
ReNew Power Ventures(2011, Gurgaon, $898M)
$125M -PE
Hero Future Energies(2012, Delhi, $125M)
$220M -Series C
Mosaic(2011, Oakland, $247M)
$108M -PE
CleanMax Solar(2011, Mumbai, $123M)
$217M -PE
Silicon Ranch(2010, Nashville, $276M)
$100M -Series F
Sunnova(2010, Houston, $1.2B)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Solar Energy >Feed Summary >Investment Trend Summary
Seed Acumen(#3), Gaia Impact Fund(#3), Capnova(#2)
Series A/B Acumen(#3), The Ecosystem Integrity Fund(#3), FMO(#3)
Series C+
GE Ventures(#3), Africinvest(#2), Energy Access Ventures
(#2)
Incubators Climate KIC(#19) Startupbootcamp(#6) EDP Starter(#4)
Other Notable
Investors
Department of Energy(#36), IFC(#14), InnoEnergy(#9)
Debt Investors
Hercules Capital(#8), Western Technology Investment(#8),
Silicon Valley Bank(#6)
Most Active InvestorsRecent Investments
265
464
389
184
71
201320142015201620172018*
Y-o-Y # of Companies Founded 107 123 156 141 117 37
$1.2B
$3.3B
$2.5B
$2.B
$1.8B
$1.B
2013 2014 2015 2016 20172018*
$ Funding # Rounds
$19B
$3.6B
$3B
$418M
$261M
US
Europe
India
Japan
Israel
$ Funding

6. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Summary of exit outlook in Solar Energy
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Foundation Capital 2
Sunrun(2007, San Francisco, $297M)
Azure Power(2008, Delhi, $31.1M)
Sigma Partners 2
NEXTracker(2013, Fremont, $42.6M)
Solaria(2002, Madrid, $22M)
Credit Suisse 2
SolarCity(2006, San Mateo, $1.3B)
Moser Baer Solar(1983, Delhi, $92.5M)
DBL Partners 2
SolarCity(2006, San Mateo, $1.3B)
NEXTracker(2013, Fremont, $42.6M)
KPCB 2
Enphase Energy(2006, Petaluma, $127M)
Solel Solar Systems(1992, Beit Shemesh, $40M)
Jan 2018
EquisEnergyAcqby Global Infrastructure Partners
for $5B
Jul 2017sPowerAcqby AESfor $1.6B
Mar 2017TerraForm PowerAcq by Brookfieldfor $1.3B
Oct 2016SolarCityAcq by Teslafor $2.6B
Jun 2016Welspun RenewablesAcq by Tata Powerfor $1.4B
Oct 2015
RenovaliaAcqby Cerberus Capital Managementfor
$1.1B
Solar Energy >Feed Summary >Exit Outlook Summary
SunPower 3
SunRay Renewable Energy(Feb 2010, $277M), Tenesol(Dec
2011, $165M), SolarBridge(Nov 2014)
SolarCity 2Silevo(Jun 2014, $200M), Zep Solar(Oct 2013, $158M)
Hanergy 2MiaSole(Sep 2012, $30M), Alta Devices(Dec 2013)
Siemens 1SolelSolar Systems(Oct 2009, $418M)
Recent IPOs Top Acquisitions
Renova Feb 2017
Utility scale renewable energy plant deve…
IPO MCap: $116M Current MCap: $116M
VivoPower Jan 2017
Installs solar systems for commercial pur…
IPO MCap: - Current MCap: $46.5M
Azure Power Oct 2016
Solar power producer
IPO MCap: $466M Current MCap: $396M
JSPV Aug 2016
Manufacturer of solar cells and modules
IPO MCap: - Current MCap: -
Solarhybrid Mar 2018
Solar Project developer
IPO MCap: - Current MCap: $34.5B
ContourGlobal Nov 2017
Independent Power Producer
IPO MCap: - Current MCap: -
Spectur Jul 2017
Designs and manufactures solar powered pr…
IPO MCap: $6.6M Current MCap: $6.6M
Urjaglobal Mar 2017
Installs solar plants and offers solar co…
IPO MCap: - Current MCap: $33.8M

7. Feed Report -Solar Energy -Jun 20187
Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.
Marketmap: Solar Energy
Overview
Companies 3769
Funded 1076Series A+ 458
Funding $27.8BLast 2 yrs$4.1B
MostActiveInvestors
Seed Acumen (3)
Series A/B Acumen (3)
SeriesC+ GE Ventures (3)
Others Department of Energy (36)
Incubators Climate KIC (19)
FACTSHEET
Top Cities
Bay Area 220 Cos$9.3B
Delhi NCR 165 Cos$2.3B
Feed in Numbers
Unicorns 10 Soonicorns31
Minicorns 35 Editor Picks39
Acquihired101Deadpooled281
Top Companies
Canadian
Solar
(2001, Guelph, $10M)
SunPower (1985, Athens, $1.7B)
First Solar (1999, Tempe, Public)
Exits
IPOs 184Solarhybrid
Acquisitions52EquisEnergy, sPower
Top Acquirers
SunPower,SolarCity,
Hanergy
HARDWARE DEVELOPER
*
Denotes Upcoming Business Models in Solar Energy market
SOLAR PRODUCTS
PROJECT DEVELOPMENT & MONITORING
GENERATION EQUIPMENT
PV
THERMAL
BALANCE OF SYSTEMS
INDEPENDENT POWER PRODUCER
MULTI-SCALE
UTILITY
DISTRIBUTED
SOLAR-AS-A-SERVICE
FULL-END SERVICES
INSTALLATION
FINANCING
POWER SHARING
POWER SHARING
*
EPC
ENERGY MANAGEMENT
SOFTWARE
PROJECT DEVELOPERS
Solar Energy > Feed Summary >BlueBox
For any Feedback and Query reach out to [email protected]
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies.

8. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Key Sub Sectors in Solar Energy Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested#Round
Independent Power Producer >
Utility
191 $1.6B 17
Independent Power Producer >
Distributed
102 $206M 13
Independent Power Producer > Distributed
>
Rural
36 $163M 13
Project Developers > EPC >
Multi-Scale
188 $364M 9
Project Developers > EPC >
Distributed
487 $91.6M 10
Hardware Developer > Generation
Equipment > PV > Modules >
Silicon
226 $50.8M 12
Project Developers > Turnkey Developers >
Multi-Scale
142 $194M 7
Hardware Developer > Generation
Equipment > PV >
Cells
68 $62.9M 9
Solar Products > Lighting >
Residential
31 $107M 7
Solar-as-a-service > Financing >
Residential
12 $457M 5
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Hardware Developer
Companies developing energy generation hardware
and other associated Balance of System...
863 360$11.7B
Independent Power Producer
Companies that own, operate and generate solar
power from its solar plants
363 200 $7.8B
Solar-as-a-service
Companies that provide solar solutions to its
customers on lease basis
108 48 $3.9B
Project Developers
Companies that develop solar projects and offer
operation and maintenance services
1590 246 $3.7B
Solar Products
Companies developing consumer products which use
solar energy to provide lighting, heating/cooling...
553 138$626M
Software Solutions
Companies developing software applications for solar
projects
215 73$128M
Retail
Companies offering an online portal for selling solar
products
58 6$18.9M
Solar Energy >Feed Summary >Summary of Key Markets

9. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies in Solar Energy
Notable Companies in the Sector (1/5)
9
Note: *(Founded Year, Location, Total Funding)
Solar Energy >Feed Summary >Notable Companies in the Sector
Public
Solarhybrid
(2008, Brilon)*
SPIE
(1998, Cergy)
SMA Solar Technology
(1981, Nieste)
Atlantica Yield
(2014, Seville)
Vivint Solar
(2011, Lehi)
First Solar
(1999, Tempe)
Lanco Infratech
(1993, Gurgaon)
Pattern Energy Group
(2013, San Francisco)
Centrotherm
(1948, Blaubeuren)
SolarEdge
(2006, Hod Hasharon, $96.8M)
Public
Hanwha Q-Cells
(1999, Seoul)
Azure Power
(2008, Delhi, $31.1M)
Capital Power
(2009, Edmonton)
Voltalia
(2005, Paris)
Ameresco
(2008, Framingham)
Sky Solar Group
(2008, Madrid)
Nanoco Group
(2001, Manchester)
Enbridge
(1949, Calgary)
Scatec Solar
(2007, Oslo)
Innergex
(1990, Longueuil)
Public
Enphase Energy
(2006, Petaluma, $127M)
Indosolar
(2008, Noida)
Evergreen Solar
(1994, Washington D.C.)
Ecolutions
(2007, Frankfurt)
TES
(2002, Cheongju-si)
Renova
(2000, Tokyo)
Tera Semicon
(2002, Suwon-si)
SDN Company
(1994, Seongnam-si)
Natcore
(2007, Red Bank)
Solartron
(1986, Bangkok)
Public
EAM Solar
(2010, Oslo)
Genex Power
(2014, Sydney)
BluGlass
(2005, Silverwater)
DayStar Technologies
(1997, Santa Clara)
Good Energy
(1999, Chippenham, $4.6M)
Dyesol
(2004, Queanbeyan)
ReNu Energy
(2002, Brisbane)
PARU
(1993, Seoul)
Spectur
(2009, Perth)
EnviroMission
(2000, South Melbourne,
$110M)
Public
UGE
(2008, New York City)
Solar Alliance
(2003, San Diego, $97.5k)
Inter Far East
Engineering
(1982, Bangkok)
Sunrun
(2007, San Francisco, $297M)
Moser Baer Solar
(1983, Delhi, $92.5M)
Energix
(2009, Ramat Gan, $91.3M)
GT Advanced
Technologies
(1994, Merrimack, $83.6M)
NextEra Energy
Resources
(1985, Juno Beach, $38.8M)
Vergnet
(1989, Ormes, $26M)

10. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies in Solar Energy
Notable Companies in the Sector (2/5)
10
Solar Energy >Feed Summary >Notable Companies in the Sector
Public
Solaria
(2002, Madrid, $22M)
STR Solar
(1944, Enfield, $21.7M)
Entech Solar
(1984, Fort Worth, $12M)
Eguana Technologies
(1999, Calgary, $8.5M)
SolarWindow
Technologies
(2009, Columbia, $8M)
Urban Green Energy
(2008, New York City, $6M)
Envision Solar
(2006, San Diego, $4.6M)
NanoFlex Power
(1994, Phoenix, $3.4M)
Carmanah
(1996, Victoria, $2M)
Sunworks
(1983, California, $420k)
Public
Euro Solar Parks
(2008, Ho-ho-kus, $93.7k)
ClearVue Technologies
(1996, Perth)
International
Automated Systems
(1987, American Fork)
Kyocera
(1959, Horse Shoe)
Mass Megawatts Wind
Power
(1997, Worcester)
MH GoPower
(2008, Kaohsiung City)
Moser Baer
(1983, Delhi)
NextEra Energy
(1925, Juno Beach)
NRG Energy
(1989, Princeton)
Public
Tata Power Solar
(1989, Bangalore)
3Power Energy Group
(2002, New York City)
7C Solar Parking
(2008, Bayreuth)
Abengoa
(1941, Seville)
ACCIONA
(1997, Alcobendas)
Aega
(2013, Oslo)
Andalay Solar
(2001, Campbell)
Anji Technology
(2007, Tainan)
Ascent Solar
(2005, Thornton)
Aspen Group
(1978, Tel Aviv)
Public
Atlantic Wind & Solar
(1977, Toronto)
B Grimm Power
(1878, Bangkok)
BioSolar
(2004, Santa Clarita)
Blockchain Power
(2013, Toronto)
Boralex
(1982, Kingsey Falls)
BTU
(1950, North Billerica)
Clean Energy Pathways
(2006, New York City)
Cypark Resources
Berhad
(2004, Petaling Jaya)
Demeter Corporation
(1978, Bangkok)
Ecosuntek
(2008, Gualdo Tadino)
Public
Edisun Power
(1997, Zurich)
EEMS
(1999, Rieti)
Elverket
(1919, Vallentuna)
ENCAVIS
(2017, Hamburg)
Enerdynamic Hybrid
Technologies
(2012, Welland)
Energy Lab
(2008, Cividale Del Friuli)
Enlight Renewable
Energy
(2008, Rosh Haayin)
Entegra
(1995, Mumbai)
Epic Energy
(1991, Mumbai)

11. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies in Solar Energy
Notable Companies in the Sector (3/5)
11
Solar Energy >Feed Summary >Notable Companies in the Sector
Public
E-TON Solar
(2001, Tainan)
Euro Multivision
(2004, Mumbai)
Eversol
(2007, Taipei)
Fintel Energia
(1999, Pollenza)
Giga Solar
(2003, Taipei)
Gigastorage
(1997, Hsinchu)
Gintech Energy
(2005, Miaoli)
Global EcoPower
(2009, Aix-en-provence)
Green Street Energy
(2010, Brooklyn)
Hanwha Energy
Corporation
(1952, Seoul)
Public
JSPV
(2008, Asan)
Konark group
(1979, Mumbai)
Magnolia Solar
(2008, Woburn)
Meere Company
(1984, Hwaseong)
Motech Industries
(1981, Tainan)
MRO-TEK
(1984, Bangalore)
NanoFlex
(1994, Medford)
NEPC India
(1984, Chennai)
Nevo Energy
(2011, Cupertino)
New Sources Energy
(1978, Borculo)
Public
Orvis
(1954, Fukuyama)
Power Solution
Technologies
(2001, Bangkok)
Powercom
(1987, Taipei)
PureRay
(2006, Atlanta)
PV Crystalox
(2008, Erfurt)
PV Crystalox Solar
(1982, Abingdon)
Quantum
(1975, Adelaide)
Quantum Materials
(2007, San Marcos)
Ralos
(2012, Rottweil)
REC Solar
(1996, Sandvika)
Public
Renewable Energy Asia
(1988, Singapore)
RGS Energy
(1978, Louisville)
Samya Tech
(1992, Taoyuan City)
Savosolar
(2009, Mikkeli)
Solar Fabrik
(1996, Freiburg)
SolTech Energy
(2006, Stockholm)
SPCG Public Company
(2011, Bangkok)
Streling Powergensys
(1984, Mumbai)
Sunlux Energy
(2011, Taipei)
Sunsource
(2010, Vadodara)
Public
Surana Ventures
(1978, Hyderabad)
Swelect Energy Systems
(1984, Chennai)
Swissinso
(2016, Geneva)
Terna Energy
(1997, Athens)
TerniEnergia
(2005, Narni)
Tribute Resources
(1997, London)
Tynsolar
(2006, Hsinchu)
Ujaas
(1979, Indore)
Unitech Printed Circuit
Board Corp
(1984, Taipei)
Urja global
(1992, Delhi)

12. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies in Solar Energy
Notable Companies in the Sector (4/5)
12
Solar Energy >Feed Summary >Notable Companies in the Sector
Public
Valoe
(1978, Mikkeli)
Websol Energy System
(1994, Kolkata)
West Holdings
(1981, Tokyo)
Win Win Precision
Technology
(2003, Hsinchu)
XL Energy
(1985, Hyderabad)
XsunX
(2003, Aliso Viejo)
ABCO Solar
(2008, Tucson)
Blue Sky Energy
(1993, Vista)
Go Solar USA
(2008, Fremont)
Mercury
(1998, Auckland)
Public
Northland Power
(1987, Toronto)
VivoPower
(2014, Osborne)
Gita Renewable Energy
(2010, Chennai)
Gruppo Green Power
(2012, Mirano)
OPG Power Ventures
(2008, Toronto)
Solar Enertech
(2008, Mountain View)
SolarEnergy.com
(2013, Gilroy)
Solartech Energy
(2005, Taipei)
Sunflower
(1995, Ramat Gan)
Transeastern
(2013, Toronto)
Public
Ultima Networks
(2015, Harlow)
Wafer Works
(1997, Taoyuan City)
Ablytek
(2006, Pingtung)
Carpevigo
(2006, Holzkirch)
ContourGlobal
(2005, New York City)
Etrion
(2008, Geneva)
Falck Renewables
(2010, Sesto San Giovanni)
Neo Solar Power
(2005, Hsinchu)
New Energy Systems
Group
(2001, New York City)
P2 Solar
(2010, Vancouver)
Public
Phoenix Solar
(1999, Sulzemoos)
Phoenix Solar
(2010, Zurich)
PowerFilm
(1988, Ames)
Principal Solar
(2010, Dallas)
RattanIndia Apna Solar
(2007, Gurgaon)
Stone India
(1931, Kolkata)
Sunvalley Solar
(2007, Walnut)
Acquired
Nuon
(1994, Amsterdam)
Equis Energy
(2012, Singapore, $185M)
SolarCity
(2006, San Mateo, $1.3B)
sPower
(2012, Salt Lake City)
Welspun Renewables
(1985, Delhi, $215M)
TerraForm Power
(2014, Beltsville)
Renovalia
(2004, Villarrobledo)
Alterra Power
(2008, Vancouver, $21M)
Power-One
(1973, Camarillo, $60M)
8point3 Energy
Partners
(2015, San Jose)

13. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies in Solar Energy
Notable Companies in the Sector (5/5)
13
Solar Energy >Feed Summary >Notable Companies in the Sector
Acquired
Rete Rinnovabile
(2011, Rome)
SunEdison
Semiconductor
(1959, Saint Peter)
Roth and Rau
(1991, Hohenstein-ernstthal)
Solel Solar Systems
(1992, Beit Shemesh, $40M)
ForVEI
(2011, Milano, $22.2M)
NEXTracker
(2013, Fremont, $42.6M)
Orange Renewable
(2008, Delhi)
NextLight Renewable
Power
(2008, San Francisco)
SunRay Renewable
Energy
(2007, Florina)
Acquired
Recurrent Energy
(2006, San Francisco, $85M)
Solairedirect
(2006, Paris, $341M)
Silevo
(2007, Fremont, $47.1M)
Lightsource
(2010, London)
Green Infra
(2008, Delhi)
Tenesol
(2004, La Tour)
Zep Solar
(2009, San Rafael, $10.6M)
Kiran Energy
(2010, Mumbai, $44.4M)
Element Power
(2008, Portland, $183M)
Unicorns
SunPower
(1985, Athens, $1.7B)
Sunnova
(2010, Houston, $1.2B)
ReNew Power Ventures
(2011, Gurgaon, $898M)
Acciona Energy
(1989, Madrid, $567M)
Greenko Group
(2004, Hyderabad)

15. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (1/20)
15
Solar Energy >Feed Summary >Notable Companies by Market
Hardware Developer
Generation Equipment
SunPower(1985, Athens, $1.7B)
Manufactures Si cells
Unicorn.Stage: Series B
Department of Energy, Total, Hannon Armstrong
and 2 Other Investors
MiaSole(2001, Santa Clara, $468M)
CIGS PV module manufacturer
Soonicorn.Stage: Acquired
Passport Capital, Firelake Capital, VantagePoint
Capital Partners and 10 Other Investors
Silicor Materials(2006, San Jose, $357M)
Producer of silicon for the manufacture of solar
photovoltaic (PV) cells
Soonicorn.Stage: Series E
Hudson Clean Energy Partners, Pension Funds
Online, Advanced Technology Ventures and 2 Other
Investors
Generation Equipment
SoloPower(2005, San Jose, $228M)
Manufactures thin-film photovoltaic cells
Soonicorn.Stage: Series E
Crosslink Capital, Convexa, Firsthand Funds and 10
Other Investors
Solaria(1993, Fremont, $212M)
Manufactures cells and modules
Soonicorn.Stage: Series D
Presidio Partners, Kline Hill Partners LLC US,
Structural Capital and 13 Other Investors
Sivapower(2006, Santa Clara, $125M)
Manufactures thin films solar panels
Soonicorn.Stage: Series D
DBL Partners, Acero Capital, Department of Energy
and 6 Other Investors
Heliatek(2006, Dresden, $117M)
Manufactures organic solar films.
Soonicorn.Stage: Series D
Aqton, BASF, BNP Paribas and 14 Other Investors
Generation Equipment
EnviroMission(2000, South Melbourne, $110M)
Developer of solar tower power station technology
Minicorn.Stage: Public
AGS Capital Group
1366 Technologies(2007, Bedford, $102M)
Kerfless wafer technology based manufacturers of
silicon wafers
Soonicorn.Stage: Series C
Wacker Chemie, Hanwha Investment, Haiyin
Capital and 9 Other Investors
Oxford Photovoltaics(2010, Oxford, $100M)
Develops perovskite solar cells
Soonicorn.Stage: Series D
Statoil, Legal & General Capital, European
Investment Bank and 6 Other Investors
Moser Baer Solar(1983, Delhi, $92.5M)
Integrated solar products manfuacturer
Unicorn.Stage: Public
CDC Group, Morgan Stanley, Credit Suisse and 2
Other Investors

16. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (2/20)
16
Solar Energy >Feed Summary >Notable Companies by Market
Hardware Developer
Generation Equipment
Silevo(2007, Fremont, $47.1M)
Solar photovoltaic (PV) cell technology innovator
manufacturer
Editor's Pick. Stage: Acquired
Department of Energy, GSR Ventures, DT Capital
Partners
Trina Solar(1997, San Jose, $40M)
Manufactures multicrystalline PV modules
Soonicorn.Stage: Acquired
Merrill Lynch, Milestone Capital, Good Energies
Investments and 1 Other Investors
STR Solar(1944, Enfield, $21.7M)
Manufacturing solar panel encapsulators
Stage: Public
Zhenfa New Energy Science&Technology Co., Ltd,
NewStar Financial and 1 Other Investors
Generation Equipment
Q-Cells(2011, Bitterfeld-wolfen, $14.1M)
Solar cells manufacturer
Soonicorn.Stage: Acquired
Apax Partners, IBG Beteiligungsgesellschaft
Sachsen-Anhalt, Global Cleantech Capital
Entech Solar(1984, Fort Worth, $12M)
Designs concentrated PV
Stage: Public
Quercus
Canadian Solar(2001, Guelph, $10M)
Vertically integrated solar product manufacturer
and project developer
Soonicorn.Stage: Funded
Shinsei Bank, The Bank of Tokyo-Mitsubishi UFJ,
Clean Energy Finance Corporation and 9 Other
Investors
SolarWindow Technologies(2009, Columbia,
$8M)
Power generating paint for windows and glass
Stage: Public
Generation Equipment
NanoFlex Power(1994, Phoenix, $3.4M)
Develops solar organic solar PV
Stage: Public
ClearVue Technologies(1996, Perth)
Technology for energy generation from clear glass
Editor's Pick. Stage: Public
First Solar(1999, Tempe)
Manufactures thin films PV modules
Editor's Pick. Stage: Public
Mitsubishi UFJ Financial Group, Societe Generale,
Mizuho Bank and 1 Other Investors
Hanwha Q-Cells(1999, Seoul)
Solar cell and PV module manufacturer
Editor's Pick. Stage: Public
International Automated Systems(1987,
American Fork)
Developer of solar based power generation systems
Editor's Pick. Stage: Public

17. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (3/20)
17
Solar Energy >Feed Summary >Notable Companies by Market
Hardware Developer
Generation Equipment
Kyocera(1959, Horse Shoe)
Manufactures ceramics and electronic products
Editor's Pick. Stage: Public
MH GoPower(2008, Kaohsiung City)
Manufacturers of VMJ PV cell
Editor's Pick. Stage: Public
Moser Baer(1983, Delhi)
Manufactures Solar modules and offers solar EPC
services
Editor's Pick. Stage: Public
Epiris, Electra Partners
Natcore(2007, Red Bank)
Thin Film Silicon Dioxide
Editor's Pick. Stage: Public
Tata Power Solar(1989, Bangalore)
Manufacturing of PV modules and solar cells
Editor's Pick. Stage: Public
Generation Equipment
Abengoa(1941, Seville)
Horizontally integrated company in energy and
water and waste management segment.
Stage: Public
EIG Partners, First Reserve
Anji Technology(2007, Tainan)
Solar panel manufacturer
Stage: Public
Ascent Solar(2005, Thornton)
Produces thin film CIGS solar modules.
Stage: Public
Ironridge Global, Norsk Hydro
BluGlass(2005, Silverwater)
Semiconductor material for LEDs, Power
Electronics and Utility Scale solar plants
Stage: Public
Government of Australia, SPTS Technologies
Generation Equipment
Dyesol(2004, Queanbeyan)
Provides materials for producing dye solar cell
Stage: Public
EPSRC, Australian Renewable Energy Agency
EEMS(1999, Rieti)
Manufacturer of photovoltaic cells and modules
Stage: Public
E-TON Solar(2001, Tainan)
Manufacturer of mono and poly-crystalline solar
cells
Stage: Public
JAFCO Asia, WK Technology Fund
Euro Multivision(2004, Mumbai)
Manufacturer and trader of solar PV components
Stage: Public
Eversol(2007, Taipei)
Manufacturer of multi-crystalline solar wafers
Stage: Public

18. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (4/20)
18
Solar Energy >Feed Summary >Notable Companies by Market
Hardware Developer
Generation Equipment
Gigastorage(1997, Hsinchu)
Manufacturer of solar modules and solar cells
Stage: Public
Gintech Energy(2005, Miaoli)
Solar Cell manfuacturer
Stage: Public
GRC SinoGreen
Hanwha Energy Corporation(1952, Seoul)
Business conglomerate in South Korea
Stage: Public
Indosolar(2008, Noida)
Manufacturer of Solar cells
Stage: Public
JSPV(2008, Asan)
Manufacturer of solar cells and modules
Stage: Public
Magnolia Solar(2008, Woburn)
Manufacturing thin film solar cell modules
Stage: Public
U.S. Air Force, NASA
Generation Equipment
Motech Industries(1981, Tainan)
Manufacturer and developer of solar products and
solutions
Stage: Public
Chang Hwa Bank, Mega International Commercial
Bank, Bank Of Taiwan and 3 Other Investors
Nanoco Group(2001, Manchester)
Provides display technology solutions based on
Cadmium-free Quantum Dots
Stage: Public
Aquarius Equity Partners
NanoFlex(1994, Medford)
Develops organic PV tecchnology
Stage: Public
Avalanche Resources
NEPC India(1984, Chennai)
Wind turbine manufacturer, Solar rooftop solutions
Stage: Public
Generation Equipment
Powercom(1987, Taipei)
Manufacturer of solar modules and solar UPS
systems
Stage: Public
PV Crystalox(2008, Erfurt)
Manufacturer of polycrstalline silicon wafers
Stage: Public
Vorndran Mannheims Capital
PV Crystalox Solar(1982, Abingdon)
Poly-crystalline ingots and wafers manufacturer
Stage: Public
Quantum Materials(2007, San Marcos)
Low cost group II-VI quantum dot technology
commercialization
Stage: Public
REC Solar(1996, Sandvika)
Manufactures Si wafers, PV panels and offers solar
solutions
Stage: Public
Element Partners, Global Cleantech Capital

19. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (5/20)
19
Solar Energy >Feed Summary >Notable Companies by Market
Hardware Developer
Generation Equipment
Savosolar(2009, Mikkeli)
Solar thermal systems and collectors
Stage: Public
Sitra, Cleantech Invest
SDN Company(1994, Seongnam-si)
Manufacturing and installation of solar panel
systems
Stage: Public
Stonebridge Capital
Solar Fabrik(1996, Freiburg)
Mono-crystalline and poly-crystalline silicon
module manufacturers
Stage: Public
Solartron(1986, Bangkok)
Manufactures solar cells and solar modules
Stage: Public
SolTech Energy(2006, Stockholm)
Manufacturer of Building Integrated Solar Energy
Panels
Stage: Public
Generation Equipment
Sunlux Energy(2011, Taipei)
Manufactures silicon solar materials
Stage: Public
JAFCO Asia
Surana Ventures(1978, Hyderabad)
EPC company, that Manufactures & Exports Solar
PV Modules,
Stage: Public
Swissinso(2016, Geneva)
Solar research and development company
Stage: Public
Tynsolar(2006, Hsinchu)
Manufacturer of PV modules
Stage: Public
Unitech Printed Circuit Board Corp(1984,
Taipei)
Manufactures multi-layered and double-sided
printed circuit boards
Stage: Public
CLSA Capital Partners
Generation Equipment
Websol Energy System(1994, Kolkata)
Manufactures solar cells and solar modules
Stage: Public
Win Win Precision Technology(2003,
Hsinchu)
Manufacturer and distributor of solar PV modules
Stage: Public
XL Energy(1985, Hyderabad)
Solar module manufacturing and project
development
Stage: Public
2i Capital
DayStar Technologies(1997, Santa Clara)
Manufacturers CIGS thin films
Stage: Public
Evergreen Solar(1994, Washington D.C.)
Vertically Integrated solar panel manufacturer
Stage: Public
Perseus, RockPort Capital, CDP Capital-Technology
Ventures and 13 Other Investors

20. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (6/20)
20
Solar Energy >Feed Summary >Notable Companies by Market
Hardware Developer
Generation Equipment
Solar Enertech(2008, Mountain View)
Photovoltaic solar energy cell manufacturing
company
Stage: Public
Solartech Energy(2005, Taipei)
Manufacturers of solar modules
Stage: Public
Wafer Works(1997, Taoyuan City)
Manufacturer of silicon wafers
Stage: Public
Ablytek(2006, Pingtung)
Makes BIPV, rooftiles, shingles etc
Stage: Public
Neo Solar Power(2005, Hsinchu)
SolarPV cell and module manufacturer
Stage: Public
PowerFilm(1988, Ames)
Thin film solar products
Stage: Public
Generation Equipment
SunEdison Semiconductor(1959, Saint
Peter)
Solutions for Semiconductor industry
Stage: Acquired
Sunvalley Solar(2007, Walnut)
Solar system integrator and service company
Stage: Public
Tenesol(2004, La Tour)
Solar panel manufacturing company
Stage: Acquired
Balance of Systems
Sonnen(2010, Wildpoldsried, $168M)
Energy storage system providers
Soonicorn.Stage: Series D
Shell Global, Envision Energy, GE Ventures and 4
Other Investors
Tigo(2007, Sebastopol, $132M)
Installations of smart PV modules
Soonicorn.Stage: Series F
SMA Solar Technology, Generation Investment
Management, Clal Industries and 8 Other Investors
Enphase Energy(2006, Petaluma, $127M)
Manufactures micro-inverters
Unicorn.Stage: Public
John Doerr, KPCB, Bay Partners and 8 Other
Investors
SolarBridge(2004, Austin, $105M)
Manufactures microinverters
Soonicorn.Stage: Acquired
Constellation Ventures, J F Shea Company, Rho
Ventures and 8 Other Investors

21. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (7/20)
21
Solar Energy >Feed Summary >Notable Companies by Market
Hardware Developer
Balance of Systems
SolarEdge(2006, Hod Hasharon, $96.8M)
Solar Photovoltaic Power Electronics
Soonicorn.Stage: Public
Norwest Venture Partners, Walden International,
Genesis Partners and 11 Other Investors
Power-One(1973, Camarillo, $60M)
Manufactures electronic equipments
Soonicorn.Stage: Acquired
Silver Lake, NGP Energy Technology Partners, The
Stephens Group
Sunverge Energy(2009, San Francisco, $53.5M)
Offers smart energy storage systems
Soonicorn.Stage: Series C
AGL Energy, Australian Renewable Energy Agency,
SB China Capital and 3 Other Investors
NEXTracker(2013, Fremont, $42.6M)
Manufactures PV trackers
Stage: Acquired
SJF Ventures, Tennenbaum Capital Partners, Sigma
Partners and 4 Other Investors
Balance of Systems
Zep Solar(2009, San Rafael, $10.6M)
Offers integrated PV mounting systems
Stage: Acquired
Aquillian Investments, The Ecosystem Integrity
Fund
Eguana Technologies(1999, Calgary, $8.5M)
Manufactures inverters and storage devices
Stage: Public
Western Technology Investment, DH Private Equity
Partners
Andalay Solar(2001, Campbell)
Offers easy to install racking systems
Stage: Public
BioSolar(2004, Santa Clarita)
Lithium Ion battery component developer
Stage: Public
MRO-TEK(1984, Bangalore)
Manufactures solar UPS and inverters
Stage: Public
Balance of Systems
PARU(1993, Seoul)
Manufacturers of solar trackers
Stage: Public
Blue Sky Energy(1993, Vista)
Manufacturers of solar charge controllers
Stage: Public

22. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (8/20)
22
Solar Energy >Feed Summary >Notable Companies by Market
Hardware Developer
Others
GT Advanced Technologies(1994,
Merrimack, $83.6M)
Manufactures equipment for solar, LED, and
consumer electronics.
Minicorn.Stage: Public
Angeleno Group, MerchantBanc Growth Partners
BTU(1950, North Billerica)
Manufacturer and seller of thermal processing
equipment
Stage: Public
Centrotherm(1948, Blaubeuren)
Manufacturer of photovoltaics, semiconductor and
microelectronic production equipments
Stage: Public
Giga Solar(2003, Taipei)
Manufacturer of Solar PV conductive paste
Stage: Public
Others
Meere Company(1984, Hwaseong)
Equipment manufacturer
Stage: Public
Korea Investment Partners
Roth and Rau(1991, Hohenstein-ernstthal)
Coating and structuring surfaces for semiconductor
and solar cells
Stage: Acquired
Sud Beteiligungen
Tera Semicon(2002, Suwon-si)
Offers manufacturing equipment for solar cells and
semiconductor
Stage: Public
KTB Ventures, SV Investment, L and S Venture
Capital and 1 Other Investors
Others
TES(2002, Cheongju-si)
Semiconductor, display and solar cells, compound
semiconductor equipment market
Stage: Public
L and S Venture Capital, Samsung Venture
Investment
Valoe(1978, Mikkeli)
Supplies solar modules manufacturing equipments
Stage: Public
Tekes

23. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (9/20)
23
Solar Energy >Feed Summary >Notable Companies by Market
Independent Power Producer
Multi-Scale
NuPower Renewables(2008, Mumbai,
$117M)
Renewable Energy IPP
Soonicorn.Stage: Funded
Punjab National Bank, Accion Capital Management
Euro Solar Parks(2008, Ho-ho-kus, $93.7k)
Commercial solar plants developer
Stage: Public
Greenko Group(2004, Hyderabad)
Clean energy developer and producer
Unicorn.Stage: Funded
Goldman Sachs, BlackRock, Fidelity Investments
and 12 Other Investors
7C Solar Parking(2008, Bayreuth)
Independent power producer
Stage: Public
Energy Lab(2008, Cividale Del Friuli)
Independent power producer in solar energy and
biomass sector
Stage: Public
Multi-Scale
TerniEnergia(2005, Narni)
Independent power producer in cleantech domain
Stage: Public
Gita Renewable Energy(2010, Chennai)
Renewable energy project developer
Stage: Public
Utility
ReNew Power Ventures(2011, Gurgaon,
$898M)
Renewable energy developer
Unicorn.Stage: Funded
CPP Investment Board, HSBC Group, YES BANK and
13 Other Investors
SolarReserve(2007, Los Angeles, $797M)
Independent solar power producer
Soonicorn.Stage: Series C
Department of Energy, Kensani Capital, Good
Energies Foundation and 5 Other Investors
Acciona Energy(1989, Madrid, $567M)
Independent power producer
Unicorn.Stage: Funded
Kohlberg Kravis Roberts

24. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (10/20)
24
Solar Energy >Feed Summary >Notable Companies by Market
Independent Power Producer
Utility
Hindustan Powerprojects(2008, Delhi,
$300M)
Conventional and clean energy generating company
Soonicorn.Stage: Funded
Farallon Capital Management, Bank of America
Merrill Lynch, The Blackstone Group
Silicon Ranch(2010, Nashville, $276M)
Independent powe producers
Soonicorn.Stage: Series B
Shell Global, Partners Group, Mountain Group
Partners
Welspun Renewables(1985, Delhi, $215M)
Solar and wind power generation
Soonicorn.Stage: Acquired
Asian Development Bank, GE Energy Financial
Services, General Electric
Equis Energy(2012, Singapore, $185M)
Independent Power Producer of renewable energy
Minicorn.Stage: Acquired
Utility
Element Power(2008, Portland, $183M)
IPP in wind and solar space
Editor's Pick. Stage: Acquired
Hudson Clean Energy Partners
NSL Renewable Power(1985, Hyderabad,
$150M)
Thermal, wind, solar, biomass and hydel energy
generation
Soonicorn.Stage: Series D
IFC, Asian Development Bank, Proparco and 4
Other Investors
Energix(2009, Ramat Gan, $91.3M)
Renewable energy Independent Power Producer
Minicorn.Stage: Public
Recurrent Energy(2006, San Francisco, $85M)
Utility-Scale Solar Project Developer
Minicorn.Stage: Acquired
Prudential Capital Group, Hudson Clean Energy
Partners, Mohr Davidow Ventures and 2 Other
Investors
Utility
NextEra Energy Resources(1985, Juno
Beach, $38.8M)
IPP ccompany
Unicorn.Stage: Public
Azure Power(2008, Delhi, $31.1M)
Solar power producer
Minicorn.Stage: Public
Proparco, IFC, Export-Import Bank of the United
States and 5 Other Investors
ForVEI(2011, Milano, $22.2M)
Solar power infrastructure project investor and
operator
Stage: Acquired
CDC Infrastructure, Quercus Investment Partners
Solaria(2002, Madrid, $22M)
Independent power producer
Minicorn.Stage: Public
Rivage Investment, CMEA Capital, DBL Partners and
6 Other Investors

25. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (11/20)
25
Solar Energy >Feed Summary >Notable Companies by Market
Independent Power Producer
Utility
Alterra Power(2008, Vancouver, $21M)
Renewable energy project developer using multiple
sources of energy
Minicorn.Stage: Acquired
NGEN Partners
Good Energy(1999, Chippenham, $4.6M)
Wind and solar energy supplier
Stage: Public
Ecotricity, Berti Investments
Genex Power(2014, Sydney)
Renewable energy project developer
Editor's Pick. Stage: Public
NextEra Energy(1925, Juno Beach)
Large Utility with focus on clean energy
Editor's Pick. Stage: Public
U.S. Capital Advisors LLC
NRG Energy(1989, Princeton)
Energy generation and storage
Editor's Pick. Stage: Public
Elliott Management, TPG, Chatham Capital
Utility
3Power Energy Group(2002, New York City)
Solar, wind and hydro IPP
Stage: Public
Aega(2013, Oslo)
Independantpower producer
Stage: Public
Atlantic Wind & Solar(1977, Toronto)
Renewable Energy developer
Stage: Public
Atlantica Yield(2014, Seville)
Energy YieldCo comprising of multiple generation
sources
Stage: Public
Algonquin Power, HSBC Group, Bank of America
Merrill Lynch and 2 Other Investors
B Grimm Power(1878, Bangkok)
IPP in renewable energy sector
Stage: Public
Asian Development Bank
Utility
Blockchain Power(2013, Toronto)
Producer and distributor of renewable energy
Stage: Public
Boralex(1982, Kingsey Falls)
Independent Power Producer dedicated to the
development and operation of renewable energy
projects
Stage: Public
Caisse de depot et placement du Quebec, Fonds de
solidarite FTQ, CIC and 2 Other Investors
Edisun Power(1997, Zurich)
Independent Power Producer
Stage: Public
Enbridge(1949, Calgary)
Transportation and distribution of energy
Stage: Public
PSP Investments

26. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (12/20)
26
Solar Energy >Feed Summary >Notable Companies by Market
Independent Power Producer
Utility
ENCAVIS(2017, Hamburg)
Independent power producer from renewable
energy resources
Stage: Public
Inter Far East Engineering(1982, Bangkok)
Investor in renewable energy power projects
Stage: Public
Konark group(1979, Mumbai)
Solar and Wind power generation
Stage: Public
New Sources Energy(1978, Borculo)
Renewable Energy development and investment
company
Stage: Public
NextLight Renewable Power(2008, San
Francisco)
Independent solar power producer
Stage: Acquired
Energy Capital Partners
Utility
Orange Renewable(2008, Delhi)
Develops and operates renewable energy projects
Stage: Acquired
AT Capital Group
Pattern Energy Group(2013, San Francisco)
Renewable Energy focused IPP
Stage: Public
Ralos(2012, Rottweil)
Solar Power plant developers
Stage: Public
Jadeberg Partners, Mountain Partners
Rete Rinnovabile(2011, Rome)
Generates solar power on a grid-scale
Stage: Acquired
Scatec Solar(2007, Oslo)
Independent solar producers
Stage: Public
IFC, Emerging Africa Infrastructure Fund, PIDG and
3 Other Investors
Utility
Sky Solar Group(2008, Madrid)
Independent power producer
Stage: Public
IDG Capital
sPower(2012, Salt Lake City)
Owns and develops solar assets
Stage: Acquired
KeyBank, CIT Bank, CoBank and 5 Other Investors
SunRay Renewable Energy(2007, Florina)
Independent solar power producer
Stage: Acquired
Denham Capital
Terna Energy(1997, Athens)
Vertically Integrated Renewable Energy developer
Stage: Public
Copenhagen Infrastructure Partners, EBRD, Piraeus
Bank
TerraForm Power(2014, Beltsville)
Owns and operates clean energy assets
Stage: Acquired

27. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (13/20)
27
Solar Energy >Feed Summary >Notable Companies by Market
Independent Power Producer
Utility
Urja global(1992, Delhi)
Installs solar plants and offers solar consumer
products
Stage: Public
8point3 Energy Partners(2015, San Jose)
Independent solar power producer
Stage: Acquired
Northland Power(1987, Toronto)
Designs, constructs and operates renewable energy
projects
Stage: Public
OPG Power Ventures(2008, Toronto)
Developers and operators of power plants
Stage: Public
Sunflower(1995, Ramat Gan)
Operator and developer of renewable energy plants
Stage: Public
Transeastern(2013, Toronto)
Renewable energy based IPP
Stage: Public
Utility
Capital Power(2009, Edmonton)
Power generator through different sources
Stage: Public
ContourGlobal(2005, New York City)
Independent Power Producer
Stage: Public
EAM Solar(2010, Oslo)
Acquires and operates solar power plants for long-
term ownership.
Stage: Public
Etrion(2008, Geneva)
Independent Solar power producer
Stage: Public
Falck Renewables(2010, Sesto San Giovanni)
Designs, constructs and manages energy production
facilities
Stage: Public
Green Infra(2008, Delhi)
Wind and Solar energy producer in India
Stage: Acquired
Utility
Principal Solar(2010, Dallas)
Solar IPP company
Stage: Public
Patterson Thoma Family Office

28. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (14/20)
28
Solar Energy >Feed Summary >Notable Companies by Market
Independent Power Producer
Distributed
Off Grid Electric(2011, Arusha, $113M)
Offers solar services for rural residences
Soonicorn.Stage: Series D
Helios Investment Partners, GE Ventures,
Developing World Markets and 17 Other Investors
M Kopa(2011, Nairobi, $99.1M)
Offers solar systems on pay-as-you-go basis
Soonicorn.Stage: Series D
CDC Group, Generation Investment Management,
LGT Venture Philanthropy and 15 Other Investors
Innergex(1990, Longueuil)
Renewable energy based IPP
Editor's Pick. Stage: Public
Birch Hill Equity Partners
SMA Solar Technology(1981, Nieste)
Offers solar services to homes and industries
Editor's Pick. Stage: Public
Distributed
Aspen Group(1978, Tel Aviv)
Real estate and solar project developer
Stage: Public
The Challenge Fund-Etgar
Fintel Energia(1999, Pollenza)
Utility involved in power generation and energy
distribution
Stage: Public
Green Street Energy(2010, Brooklyn)
Distributed solar power producers
Stage: Public
Power Solution Technologies(2001,
Bangkok)
Independant power Producers using renewable
sources
Stage: Public
ReNu Energy(2002, Brisbane)
Cleantech solutions developer
Stage: Public
Australian Renewable Energy Agency
Distributed
Tribute Resources(1997, London)
Offers construction and development services for
cleantech projects
Stage: Public
PACE Credit Union
UGE(2008, New York City)
Offers solar and wind systems
Stage: Public
Voltalia(2005, Paris)
Independent Renewable energy producer
Stage: Public
Korys, Creadev, Creadev China
P2 Solar(2010, Vancouver)
Develops solar and hydro projects
Stage: Public

29. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (15/20)
29
Solar Energy >Feed Summary >Notable Companies by Market
Project Developers
Turnkey Developers
Urban Green Energy(2008, New York City,
$6M)
Distributed solar and wind energy producers
Stage: Public
Tamra-Tacoma Capital
Sunworks(1983, California, $420k)
Solar power project developers
Stage: Public
Lightsource(2010, London)
Project development and assets management of
solar power plants
Editor's Pick. Stage: Acquired
AMP Capital, M&G Investments, Octopus
Investments
ACCIONA(1997, Alcobendas)
Infrastructure and renewable energy solution
provider
Stage: Public
European Investment Bank
Turnkey Developers
Ameresco(2008, Framingham)
Cleantech energy and energy efficiency project
developer
Stage: Public
Demeter Corporation(1978, Bangkok)
Renewable energy power developer
Stage: Public
Ecosuntek(2008, Gualdo Tadino)
Solar PV installer for commercial buildings and
industries
Stage: Public
Enlight Renewable Energy(2008, Rosh
Haayin)
Renewable Energy based project developer and
Independent Power Producer
Stage: Public
Global EcoPower(2009, Aix-en-provence)
Wind energy project developer
Stage: Public
Turnkey Developers
Nevo Energy(2011, Cupertino)
Renewable energy project developer
Stage: Public
Orvis(1954, Fukuyama)
Real Estate and distributed solar project developer
Stage: Public
SBIC West Japan
Renewable Energy Asia(1988, Singapore)
Renewable Energy project development company
Stage: Public
Renova(2000, Tokyo)
Utility scale renewable energy plant developer
Stage: Public
Energy and Environment Investment, SMBC
Venture Capital, DBJ Capital and 1 Other Investors
SPCG Public Company(2011, Bangkok)
Solar farm and solar roof developer
Stage: Public

30. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (16/20)
30
Solar Energy >Feed Summary >Notable Companies by Market
Project Developers
Turnkey Developers
SPIE(1998, Cergy)
Designs, constructs, operates and maintains
renewable energy and energy efficiency projects
Stage: Public
Ardian, PAI Partners, Starling International
Management
Sunsource(2010, Vadodara)
Wind and Solar power based generation plant
developer
Stage: Public
West Holdings(1981, Tokyo)
Solar power project developers
Stage: Public
Gruppo Green Power(2012, Mirano)
Turnkey energy solutions developer
Stage: Public
Carpevigo(2006, Holzkirch)
Solar PV project developer
Stage: Public
EPC
BrightSource Energy(2006, Oakland, $805M)
Designs, develops and constructs solar thermal
power plants
Soonicorn.Stage: Series G
Alstom, VantagePoint Capital Partners, DFJ and 19
Other Investors
Solairedirect(2006, Paris, $341M)
Solar IPP and EPC company
Editor's Pick. Stage: Acquired
IDFC Bank, Inter-American Development Bank,
Capital Stage and 14 Other Investors
Sunseap(2011, Singapore, $138M)
Solar rooftop installation
Soonicorn.Stage: Series D
Banpu, Shell Global, ISOTeam and 2 Other Investors
Kiran Energy(2010, Mumbai, $44.4M)
Develops and operates solar farms
Stage: Acquired
InnoVen Capital, Bessemer Venture Partners, NSR
Partners and 1 Other Investors
EPC
Solel Solar Systems(1992, Beit Shemesh,
$40M)
Solar EPC services provider
Stage: Acquired
Khosla Ventures, KPCB
Vergnet(1989, Ormes, $26M)
Renewable Energy developers
Stage: Public
Compagnie Financiere du Lion, Demeter Partners
Carmanah(1996, Victoria, $2M)
Offers LED lighting and solar solutions
Stage: Public
Varshney Capital
Solar Alliance(2003, San Diego, $97.5k)
Solar project developer
Stage: Public
Mass Megawatts Wind Power(1997,
Worcester)
Developers of renewable energy solutions
Editor's Pick. Stage: Public

31. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (17/20)
31
Solar Energy >Feed Summary >Notable Companies by Market
Project Developers
EPC
Clean Energy Pathways(2006, New York City)
Energy Efficient products and solution installer
Stage: Public
Cypark Resources Berhad(2004, Petaling
Jaya)
Turnkey solutions for renewable energy generation
and waste & water treatment
Stage: Public
Elverket(1919, Vallentuna)
Offers solar installation for residential rooftop and
other services
Stage: Public
Enerdynamic Hybrid Technologies(2012,
Welland)
Offers solar solutions
Stage: Public
Entegra(1995, Mumbai)
Renewable Energy developer
Stage: Public
EPC
Nuon(1994, Amsterdam)
Renewable energy project developer
Stage: Acquired
Ventures Plus
RGS Energy(1978, Louisville)
Offers solar installation services
Stage: Public
Silicon Valley Bank
Streling Powergensys(1984, Mumbai)
EPC services for Solar PV Power Projects
Stage: Public
Swelect Energy Systems(1984, Chennai)
EPC services for installation of solar farms
Stage: Public
Ujaas(1979, Indore)
Installer of utility-scale solar PV systems
Stage: Public
XsunX(2003, Aliso Viejo)
Solar canopies and solar financing
Stage: Public
EPC
ABCO Solar(2008, Tucson)
Residential solar power project installer
Stage: Public
Go Solar USA(2008, Fremont)
Distributed solar power project installer
Stage: Public
Mercury(1998, Auckland)
Energy retailer and solar power plant installer
Stage: Public
VivoPower(2014, Osborne)
Installs solar systems for commercial purpose
Stage: Public
Solarhybrid(2008, Brilon)
Solar Project developer
Stage: Public
Ultima Networks(2015, Harlow)
Renewable energy project developers
Stage: Public

32. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (18/20)
32
Solar Energy >Feed Summary >Notable Companies by Market
Project Developers
EPC
Lanco Infratech(1993, Gurgaon)
EPC for power and soalr projects
Stage: Public
Phoenix Solar(1999, Sulzemoos)
Commercial and Utility system integrator.
Stage: Public
Phoenix Solar(2010, Zurich)
Solar EPC service company
Stage: Public
RattanIndia Apna Solar(2007, Gurgaon)
Rooftops solar services
Stage: Public
Renovalia(2004, Villarrobledo)
Renewable Energy developers
Stage: Acquired
Stone India(1931, Kolkata)
Offers solar, sanitation products along with other
interests
Stage: Public
Planning and Designing
SolarEnergy.com(2013, Gilroy)
Solar yield calculator and identification of installers
Stage: Public
Solar-as-a-service
Full-end Services
SolarCity(2006, San Mateo, $1.3B)
Solar Panel Installation and Financing
Unicorn.Stage: Acquired
Bank of America, Merrill Lynch, Credit Suisse and
23 Other Investors
Sunrun(2007, San Francisco, $297M)
Solar services for residents
Unicorn.Stage: Public
Caisse de depot et placement du Quebec, Investec,
Accel Partners and 7 Other Investors
Sungevity(2007, Oakland, $204M)
Offers solar design services, solar lease, home solar
Soonicorn.Stage: Acquired
Apollo Global Management, GE Ventures, E.on and
10 Other Investors

33. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (19/20)
33
Solar Energy >Feed Summary >Notable Companies by Market
Solar-as-a-service
Financing
Sunnova(2010, Houston, $1.2B)
Offers solar services to residential purpose
Unicorn.Stage: Series F
Quantum Partners, CIT, Credit Suisse and 5 Other
Investors
Mosaic(2011, Oakland, $247M)
Residential solar financing provider
Soonicorn.Stage: Series C
Deutsche Bank, Warburg Pincus, Core Innovation
Capital and 8 Other Investors
Renew Financial(2008, Oakland, $125M)
Financing solutions for renewable energy projects
Soonicorn.Stage: Series D
Morgan Stanley, Barclays, Angeleno Group and 5
Other Investors
Financing
PosiGen(2011, New York City, $80M)
Offers financing solutions for solar installation
Soonicorn.Stage: Series B
Stonehenge Capital, NewWorld Capital Group,
Constellation Technology Ventures and 2 Other
Investors
Ecolutions(2007, Frankfurt)
Offers financing solutions for project developers
Stage: Public
Mountain Partners
Installation
Vivint Solar(2011, Lehi)
Residential solar power providers
Stage: Public
Summit Partners, US Bank, Bregal Sagemount and 1
Other Investors

34. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies by Market in Solar Energy
Notable Companies by Market (20/20)
34
Solar Energy >Feed Summary >Notable Companies by Market
Solar Products
Lighting
PureRay(2006, Atlanta)
Solar based LED lighting system
Stage: Public
Charging
Envision Solar(2006, San Diego, $4.6M)
Offers solar trees for parking lots and solar EV
charging solutions
Stage: Public
Silicon Valley Bank
Samya Tech(1992, Taoyuan City)
Manufacturer of chargers for consumer electronic
products
Stage: Public
Japan Asia Investment
Spectur(2009, Perth)
Designs and manufactures solar powered products
Stage: Public
Lateral Capital Ventures
New Energy Systems Group(2001, New York
City)
Solar and energy storage based solution and
product developers
Stage: Public
Thermal
Epic Energy(1991, Mumbai)
Manufacturer and supplier of renewable energy and
energy efficiency products
Stage: Public
Quantum(1975, Adelaide)
Manufacturer of solar heat pumps
Stage: Public

35. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
List of Notable Companies in Solar Energy in China
Notable Companies in the Sector in China
35
Solar Energy >Feed Summary >Notable Companies in the Sector in China
Public
Trony Solar
(1993, Hong Kong, $20M)
Jiangsu Akcome
(2006, Foshan)
Beijing Jingneng Clean
Energy
(2009, Chaoyang)
Changzhou Almaden
(2006, Changzhou)
China Solar Energy
(2006, Hong Kong)
China Technology Solar
Power
(2011, Hong Kong)
Comtec Solar Systems
(1999, Shanghai)
CSun Solar
(2004, Nanjing)
Deli Solar
(1983, Beijing)
Public
EGing PV
(2003, Jintan)
Hareon Solar
(2004, Jiangyin)
Jiangsu Sunrain Solar
Energy
(1999, Lianyungang)
Shunfeng International
Clean Energy
(2014, Hong Kong)
Topray Solar
(1992, Shenzhen)
Hina Film Power
(2009, Hong Kong)
Sungrow
(1997, Hefei, $400M)
LDK Solar
(2005, Xinyu)
Suntech Power
(2001, Wuxi)
Public
Changelight
(2006, Xiamen)
Jinko Solar
(2006, Shanghai, $35M)
Daqo New Energy
(2007, Chongqing)
JA Solar
(2005, Shanghai)
Renesola
(2005, Shanghai)
Sky Solar Holdings
(2009, Hong Kong)
Yingli Solar
(1998, Baoding)

36. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Recent News in Solar Energy Sector
Recent News
36
Solar Energy >Feed Summary >Recent News
Jun 2018
Israel's Enlight in talks to buy 300 MW wind farm in Europe,
Indiatimes
Jun 2018
Enphase Energy adds former Tesla exec Branderiz as new CFO,
Seeking Alpha
Jun 2018
Greenko Group buys Orange Renewable at billion-dollar valuation,
Livemint
Jun 2018
Moody’s upgrades Atlantica Yield’s Credit Rating to Ba3 with
Positive Outlook, Financial IT
Jun 2018Scatec wants to double size of project pipeline, PV Magazine
Jun 2018
Etrion Corporation Closes Books on Corporate Bond Refinancing,
GlobeNewswire
Jun 2018
8minutenergy and NV Energy to build 300MW Nevada solar project
on tribal land, PV-Tech
Jun 2018Soltec to supply 90MW of solar trackers to Mexico, PV-Tech
Jun 2018
Sympa Solar Power Signs PPA for 8MWac Solar PV Power Plant in
Bangladesh, AsiaBizNews
Jun 2018
New Research Coverage Highlights JA Solar Holdings, Co., California
Water Service Group Holding, Lazard, KNOT Offshore Partners LP,
Essent Group, and Toyota Motor —Consolidated Revenues,
Company Growth, and Expectations for 2018, GlobeNewswire
May 2018Imec and Arm develop ultra-low-power radio, Electronics Weekly
May 2018
PowerOptions, SunPower Offer Cutting-Edge Solar-Plus-Storage
Program Bringing Savings and Opportunity to Nonprofits, Public
Entities, PR Newswire
Key Recent News Key Recent News
May 2018
NextEra Energy recognized by U.S. Department of Defense for its
commitment to supporting National Guard and Reserve employees,
PR Newswire
May 2018
Vikram Solar commissions 10 MW solar project in Itarsi,
Moneycontrol
May 2018
Greenskies Energizes 1.1 MW Solar Array On Top Of Amazon
Facility In North Las Vegas, NV, PR Newswire
May 2018
Max Keiser and Stacy Herbert join blockchain startup Sun Exchange
as advisors, EconoTimes
May 2018
Entergy, NextEra Energy commission Stuttgart Solar Energy Centre
in US, Power Technology
May 2018Rooftop solar firm Sunshot to raise $8 mn, The Hindu
May 2018
Suntech supplying 1500V solar modules to a 116MW power plant
project in Egypt, PV-Tech
May 2018
Azure bags US$135 million financing for 200MW of Indian rooftop
solar projects, PV-Tech
May 2018Sun Exchange starts powering SA’s plastics industry, Disrupt Africa
May 2018
Blockchain Power Trust Reports First Quarter 2018 Results,
GlobeNewswire
May 2018
OPG Power Ventures Non-Executive Director Ravi Gupta Steps
Down, London South East
May 2018Tigo introduces Masterpass service in Tanzania, Verdict
May 2018XsunX Marketing Efforts Delivering Sales Results, NewMediaWire

37. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
37
FundingTrends
MedianDeal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
FundingFunnel of the Sector
Top Investments and Investors
Investors in Unicorn club

38. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Waste & Water Management
May 2018
VR Gaming
May 2018
Nutraceuticals
May 2018

39. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
$2.7B
$3.0B
$1.2B
$3.3B
$2.5B
$2.0B
$1.8B
$1.0B
0
20
40
60
80
100
120
140
160
180
$0k
$500M
$1.B
$1.5B
$2.B
$2.5B
$3.B
$3.5B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding# Rounds
Investments ($M) and number of rounds in Solar Energy; 2011-2018
Global Funding Trends
39
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Solar Energy >Investment Trends >Global Funding Trends
# Rounds
$ Funding
3 Year CAGR
6 Year CAGR
2% # of Rounds
6% $ Funding
0% # of Rounds
18% $ Funding

40. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
20 27 37 28 38 48 31 5
52
37
45
49
64
50
63
17
48 48 25 46 54 43 23 15
2011 2012 2013 2014 2015 2016 20172018 YTD
SeedEarly StageLate Stage
120
37
Total # of Rounds
$8M $9M $10M $18M $16M $39M $16M $8M
$404M
$179M
$233M
$526M $270M $306M $444M $35M
$2.3B $2.8B $917M
$2.8B
$2.2B $1.6B $1.4B $981M
2011 2012 2013 2014 2015 2016 20172018 YTD
SeedEarly StageLate Stage
$2.3B
$2.6B
$878M
$3.B
$2.1B
$1.6B
$1.5B
$948M
0
5
10
15
20
25
30
35
40
0
500 00000 0
1E+09
1. 5E+ 09
2E+09
2. 5E+ 09
3E+09
3. 5E+ 09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding # of Rounds
40
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded ClubMega Rounds
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Solar Energy; 2011-2018
Solar Energy >Investment Trends >Global Funding Trends
69
50
44
58
57
46 324
$3.1M
$2.6M
$0 .0M
$1 .0M
$2 .0M
$3 .0M
$4 .0M
$5 .0M
$6 .0M
$7 .0M
0
50
100
150
200
250
300
350
2012 2013 2014 2015 2016 20172018 YTD Total
Entrants in Funding Club Avg. Ticket Size
35 19 13 23 19 21 14 10 $3.1M $1.7M $6M $2.2M $3.2M $2.1M - $2.6M
$2.7B
$1.0B
Total $ Invested

41. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201841
Solar Energy >Investment Trends >Funding Trends by Geography
Investments ($M) and number of rounds in Solar Energy
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding# Rounds
Bay Area 9.3B 323
Delhi NCR 2.3B 41
Athens 1.7B 14
Houston 1.2B 10
Los Angeles 811M 11
Paris 598M 8
Madrid 589M 2
New York City 548M 23
Santa Monica 496M 2
Montpellier 476M 3
Total Funding
821
274
102
9
26
28
8
13
# Rounds
$19B
$3.6B
$3B
$418M
$261M
$259M
$180M
$173M
US
Europe
India
Japan
Israel
Canada
South Africa
SEA
Note: Excludes funding information of China companies

42. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201842
Trend of Average Deal Size ($M)
$0.6
$0.4$0.4
$0.9
$1.0$1.1
$0.7
2011201220132014201520162017
$5.6
$3.9$4.1
$9.8
$3.9
$6.0
$3.3
$16.1
$10.1$10.0
$22.4
$7.1
$12.5
$18.7
$49.1
$63.4
$36.7
$72.5
$48.7
$43.0
$68.3
Solar Energy >Investment Trends >Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Solar Energy; 2011-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$600* $8.5M
$100K $81M
$350K $145M
$1.5K $586M
$19M
$9.4M
$3M
$400K
Series C+
Series B
Series A
Seed
Stage

43. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Note: 615 companies with undisclosed funding amount are not included
43
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
75
188
133
42
70
No. of Companies
Solar Energy >Investment Trends >Distribution of companies by Funding Range
No. of companies by funding range in Solar Energy; as of Jun 2018
Distribution of companies by Funding Range
$24M
$695M
$2.9B
$3.1B
$21.1B
$ Investment

44. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Stage No. of Companies
Funding
Funnel
100%
29%
12%
7%
5%
44
Note: Numbers in the brackets show the count of companies
Time to raise
next round
176
251
458
1076
3769
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
29%
6%
(240)
6%
(212)
3%
(125)
7%
(277)
61%
(2291)
43%
17%
(179)
14%
(151)
8%
(91)
9%
(93)
40%
(434)
55%
13%
(60)
7%
(34)
11%
(51)
12%
(57)
22%
(99)
70%
21%
(52)
10%
(26)
13%
(32)
11%
(27)
6%
(16)
-
26%
(45)
11%
(20)
14%
(24)
9%
(16)
-5%
(-8)
Solar Energy >Investment Trends >Funding Funnel
Number of companies progressing to subsequent funding stages in Solar Energy
Funding Funnel
18 Months
17 Months
23 Months
Investment backedBootstrapped
31
10
47
128
Soonicorns
Unicorns
Acquisitions
IPOs

45. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201845
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Solar Energy >Investment Trends >Notable Investments in last 24 months
Major funding rounds by Stage in Solar Energy; Jun 2016-Jun 2018
Notable Investments in last 24 months (1/5)
LATE STAGE
$450M -PE Jul 2017
Cypress Creek Renewables (2014, Santa
Monica, $450M)
Owns and develops solar farms
Temasek
$250M -PE Jun 2016
GreenWish Partners (2010, Paris)
Developers of renewable energy projects
Denham Capital
$247M -PE Apr 2018
ReNew Power Ventures (2011, Gurgaon,
$898M)
Renewable energy developer
CPP Investment Board
$220M -Series C Aug 2016
Mosaic (2011, Oakland, $247M)
Residential solar financing provider
Warburg Pincus, Core Innovation Capital, Obvious
Ventures
LATE STAGE
$217M -PE Jan 2018
Silicon Ranch (2010, Nashville, $276M)
Independent powe producers
Shell Global
$200M -PE Feb 2017
ReNew Power Ventures (2011, Gurgaon,
$898M)
Renewable energy developer
JERA
$130M -PE Feb 2017
Sunlight Financial (1988, New York City,
$210M)
Residential solar finance
Route 66 Ventures
$125M -PE Jan 2017
Hero Future Energies (2012, Delhi, $125M)
Independent power producer in renewable energy
sector
IFC
LATE STAGE
$108M -PE Jul 2017
CleanMax Solar (2011, Mumbai, $123M)
Solar power project developer in India
Warburg Pincus, IFC
$100M -PE Nov 2016
Origis Energy (2008, Miami, $149M)
Utility Scale and commercial solar project developer
Baltisse
$100M -Series F Apr 2018
Sunnova (2010, Houston, $1.2B)
Offers solar services to residential purpose
Quantum Partners
$85M -Series D Oct 2016
Sonnen (2010, Wildpoldsried, $168M)
Energy storage system providers
Envision Energy
$79M -PE May 2018
Onyx Renewable Partners (2014, New York
City, $132M)
Renewable Energy development company

46. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201846
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Solar Energy >Investment Trends >Notable Investments in last 24 months
Major funding rounds by Stage in Solar Energy; Jun 2016-Jun 2018
Notable Investments in last 24 months (2/5)
LATE STAGE
$72.8M -PE Nov 2016
ACME Cleantech Solutions (2003, Gurgaon,
$162M)
Energy Management solutions developer
Piramal Group
$70.7M -Series D May 2018
Sonnen (2010, Wildpoldsried, $168M)
Energy storage system providers
Shell Global
$70M -Series C Nov 2016
Soltage (2005, Jersey City, $82M)
Develops and owns solar power plants and sell solar
power
Basalt Infrastructure Partners
$61M -PE Apr 2018
NuPower Renewables (2008, Mumbai, $117M)
Renewable Energy IPP
$55.7M -Series D Sep 2017
Sunseap (2011, Singapore, $138M)
Solar rooftop installation
Banpu
LATE STAGE
$55M -Series D Jan 2018
Off Grid Electric (2011, Arusha, $113M)
Offers solar services for rural residences
Helios Investment Partners, GE Ventures
$53M -PE Jun 2017
Onyx Renewable Partners (2014, New York
City, $132M)
Renewable Energy development company
CIT
$51.3M -Series D Nov 2017
M Kopa (2011, Nairobi, $99.1M)
Offers solar systems on pay-as-you-go basis
$50M -PE Dec 2017
Mainstream Renewable Power (2008,
Dublin, $88.4M)
Develops wind and solar plants
Apollo Global Management
$49M -PE Mar 2018
Origis Energy (2008, Miami, $149M)
Utility Scale and commercial solar project developer
Wells Fargo
LATE STAGE
$46.8M -Series D Sep 2016
Heliatek (2006, Dresden, $117M)
Manufactures organic solar films.
innogy, Engie, CEE Group, ECapital, High-Tech
Grunderfonds, Innogy Venture Capital, TUDAG,
Wellington Partners Venture Capital, BASF, BNP
Paribas
$46.5M -PE Feb 2018
Cypress Creek Renewables (2014, Santa
Monica, $450M)
Owns and develops solar farms
$25M -Series D May 2017
Sivapower (2006, Santa Clara, $125M)
Manufactures thin films solar panels
$23M -Series D Jan 2018
Solaria (1993, Fremont, $212M)
Manufactures cells and modules
Presidio Partners, Kline Hill Partners LLC US,
Structural Capital

47. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201847
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Solar Energy >Investment Trends >Notable Investments in last 24 months
Major funding rounds by Stage in Solar Energy; Jun 2016-Jun 2018
Notable Investments in last 24 months (3/5)
LATE STAGE
$21.3M -Series D Jul 2017
Sol Voltaics (2007, Lund, $49.5M)
Develops solar films made up of GsAs nanowires
Watrium, Industrifonden, FAM, Teknoinvest
$21M -PE Oct 2016
Ezon Energy Solutions (2015, Coimbatore,
$21M)
Independent Solar Power producer
$20M -Series C Aug 2016
Bboxx (2010, London, $39.9M)
Sells plug and play solar systems and compatible
consumer products
Engie, Khosla Impact, Stichting DOEN, MacKinnon,
Bennett & Company, Bamboo Capital Partners
$19.9M -Series D Oct 2017
Heliatek (2006, Dresden, $117M)
Manufactures organic solar films.
Aqton, BASF, BNP Paribas, eCapital, Engie, innogy,
Wellington Partners Venture Capital
LATE STAGE
$17.8M -Series D Dec 2017
Oxford Photovoltaics (2010, Oxford, $100M)
Develops perovskite solar cells
European Investment Bank
$15M -Series D Sep 2016
D.light Design (2007, San Francisco, $43.1M)
Manufactures and distributes solar products in
villages
Omidyar Network, Energy Access Ventures,
Newquest Capital Partners
$15M -Series C Jun 2016
1366 Technologies (2007, Bedford, $102M)
Kerfless wafer technology based manufacturers of
silicon wafers
Wacker Chemie
$11.2M -Series D Apr 2018
Oxford Photovoltaics (2010, Oxford, $100M)
Develops perovskite solar cells
Statoil, Legal & General Capital
LATE STAGE
$10.7M -Series C Oct 2016
Oxford Photovoltaics (2010, Oxford, $100M)
Develops perovskite solar cells
$10.3M -Series C Dec 2016
Oxford Photovoltaics (2010, Oxford, $100M)
Develops perovskite solar cells
Statoil, Legal & General Capital
$10M -PE Jan 2017
Enphase Energy (2006, Petaluma, $127M)
Manufactures micro-inverters
John Doerr
$10M -Series D Mar 2018
M Kopa (2011, Nairobi, $99.1M)
Offers solar systems on pay-as-you-go basis
CDC Group, Generation Investment Management,
LGT Venture Philanthropy
$10M -Series C Aug 2016
Off Grid Electric (2011, Arusha, $113M)
Offers solar services for rural residences
Helios Investment Partners

48. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201848
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Solar Energy >Investment Trends >Notable Investments in last 24 months
Major funding rounds by Stage in Solar Energy; Jun 2016-Jun 2018
Notable Investments in last 24 months (4/5)
LATE STAGE
$8.2M -Series C Oct 2017
1366 Technologies (2007, Bedford, $102M)
Kerfless wafer technology based manufacturers of
silicon wafers
$6.9M -Series F Jan 2018
Sunnova (2010, Houston, $1.2B)
Offers solar services to residential purpose
$6.3M -Series C Sep 2016
M Kopa (2011, Nairobi, $99.1M)
Offers solar systems on pay-as-you-go basis
$5M -Series D Jan 2017
D.light Design (2007, San Francisco, $43.1M)
Manufactures and distributes solar products in
villages
Norfund
$4.8M -Series C May 2017
Sunseap (2011, Singapore, $138M)
Solar rooftop installation
ISOTeam
LATE STAGE
$3.4M -Series C Nov 2016
Oxford Photovoltaics (2010, Oxford, $100M)
Develops perovskite solar cells
Legal & General Capital
$774k -Series D May 2017
Solaria (1993, Fremont, $212M)
Manufactures cells and modules
$35k -Series D Aug 2016
Solaria (1993, Fremont, $212M)
Manufactures cells and modules
Series C Jun 2016
Sonnen (2010, Wildpoldsried, $168M)
Energy storage system providers
GE Ventures
Series C Aug 2017
Sunseap (2011, Singapore, $138M)
Solar rooftop installation
Shell Global
EARLY STAGE
$79.9M -Series B Jul 2017
Building Energy (2010, Milano, $94.9M)
Independent power producer in wind and solar
segment
ZZ Capital International, Three Hills Capital
Partners, Synergo, Zhongzhi Capital
$60M -Series B Dec 2017
Greenlight Planet (2007, Chicago, $79M)
Manufacturer of solar lights
Apis Partners, Eight Roads Ventures, Bamboo
Capital Partners, Deutsche Bank, Global
Partnerships, SunFunder, PG Impact Investments,
SIMA Funds, responsAbility
$55M -Series B Jan 2017
Silicon Ranch (2010, Nashville, $276M)
Independent powe producers
Partners Group
$40M -Series A Dec 2016
Lumos (2013, Amsterdam, $40M)
Distributed solar power for off-grid regions
VLTCM, Pembani Remgro Infrastructure Managers

49. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201849
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Solar Energy >Investment Trends >Notable Investments in last 24 months
Major funding rounds by Stage in Solar Energy; Jun 2016-Jun 2018
Notable Investments in last 24 months (5/5)
EARLY STAGE
$30.3M -Series B Aug 2016
Nexamp (2007, North Andover, $51.4M)
Offers services related to solar
$13.5M -Series B Oct 2017
PEG Africa (2013, Accra, $21M)
Offgrid solar solutions provider for rural areas
Blue Haven Initiative, Investisseurs & Partenaires,
Engie, PCG Investments, Acumen
$8M -Series B Aug 2017
Kingo (2013, Guatemala City, $19M)
Prepaid solar energy provider
Engie, FMO, Proparco, FCP Innovation, Honduras
Renewable Energy Financing Facility
$6M -Series B Jun 2016
PosiGen (2011, New York City, $80M)
Offers financing solutions for solar installation
$5M -Series B Aug 2017
PosiGen (2011, New York City, $80M)
Offers financing solutions for solar installation
Stonehenge Capital
EARLY STAGE
$4.3M -Series A Jun 2016
PEG Africa (2013, Accra, $21M)
Offgrid solar solutions provider for rural areas
Energy Access Ventures, Blue Haven Initiative,
Investisseurs & Partenaires, Engie
$3.7M -Series A Aug 2016
Evergen (2016, Sydney, $3.7M)
Solar based home energy management system
AMP Capital, CSIRO
Series B Apr 2018
Kingo (2013, Guatemala City, $19M)
Prepaid solar energy provider
Leonardo DiCaprio
SEED STAGE
Angel Jun 2016
Thinkphi (2015, Mumbai)
Rainwater and solar energy harvesting products

50. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Most Active Investors (VC, PE) by Stage in Solar Energy; Last 5 years (Jun 2013-Jun 2018)
Most Active VC & PE Investors
50
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Solar Energy >Investment Trends >Most Active VC & PE Investors
SEED STAGE
Acumen(3 Investments)
Solar Now, Devergy, Easy Solar
1
Gaia Impact Fund(3 Investments)
Solaris Offgrid, UpOwa, Easy Solar
2
Infuse Ventures(2 Investments)
Ezysolare, Aspiration Energy
3
Right Side Capital Management(2
Investments)
Solstice, Off Grid Box
4
Northstar Ventures(2 Investments)
Hadrian Electrical Engineering, Solar Capture Technologies
5
Capnova(2 Investments)
ReMoni, AC Sun
6
FactorEVentures(2 Investments)
Redavia, ColdHubs
7
High-Tech Grunderfonds
Solandeo
8
Felicis Ventures
Bright
9
Energy and Environment Investment
Renova
10
EARLY STAGE
Acumen(3 Investments)
PEG Africa, Nizam Energy, Frontier Markets
1
FMO(3 Investments)
Mobisol, Orb Energy, Kingo
2
The Ecosystem Integrity Fund(3
Investments)
Complete Solar, OneEnergy Renewables, Pegasus Solar
3
New Enterprise Associates(2 Investments)
Terrajoule, Astrowatt
4
Bamboo Capital Partners(2 Investments)
Greenlight Planet, Bboxx
5
Prelude Ventures(2 Investments)
Renew Financial, Powerhive
6
Starquest Capital(2 Investments)
Sunpartner Technologies, Aqylon
7
Investors Circle(2 Investments)
EnergySage, ConnectDer
8
Clean Energy Venture Group(2
Investments)
EnergySage, Pika Energy
9
PG Impact Investments(2 Investments)
Greenlight Planet, SunCulture
10
LATE STAGE
GE Ventures(3 Investments)
Sungevity, Off Grid Electric, Sonnen
1
Hudson Clean Energy Partners(2
Investments)
Sunlight Financial, Direct Energy Solar
2
Warburg Pincus(2 Investments)
Mosaic, CleanMax Solar
3
Energy Access Ventures(2 Investments)
Off Grid Electric, D.light Design
4
Africinvest(2 Investments)
Platinum Power
5
Riyadh Valley Company(2 Investments)
Sol Voltaics, BeamReach Solar
6
DBL Partners
Off Grid Electric
7
VantagePoint Capital Partners
1366 Technologies
8
Braemar Energy Ventures
Renew Financial
9
Triangle Peak Partners
Sunnova
10

51. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201851
Solar Energy >Investment Trends >Most Active Ecosystem Investors
Top Ecosystem Investors in Solar Energy; Last 5 years (Jun 2013-Jun 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Climate KIC(19 Investments)
Powervault, Zolar, Physee
1
Startupbootcamp(6 Investments)
Tespack, Watly, Sensus Energy
2
EDP Starter(4 Investments)
Green Eagle Solutions, Beon Energy, RatedPower
3
Techstars(4 Investments)
The Sun Exchange, Lucy (Solenica), Solstice
4
Venture Kick(4 Investments)
Insolight, Younergy, SAMA SUSTAINABILITY & RENEWABLE
ENERGY
5
Village Capital(4 Investments)
Solar Site Design, ARED, One Earth Designs
6
Villgro Innovations Foundation(4
Investments)
Simpa Networks, Ecozen Solutions, Frontier Markets
7
Y Combinator(4 Investments)
Bright, Oolu, Sunfolding
8
E.ON :agile(3 Investments)
Solifi, Rafiki Power, Prosumergy
9
LRM(3 Investments)
Mind4Energy, Group Machiels, Ducatt
10
OTHER NOTABLE INVESTORS
Department of Energy(36 Investments)
SunPower, Suniva, Stion
1
IFC(14 Investments)
Off Grid Electric, Simpa Networks, CleanMax Solar
2
InnoEnergy(9 Investments)
Nines Photovoltaic, NexWafe, Solaris Offgrid
3
Engie(8 Investments)
Heliatek, Bboxx, Simpa Networks
4
Goldman Sachs(6 Investments)
Sunnova, PosiGen, tenKsolar
5
OPIC(6 Investments)
Greenlight Planet, Simpa Networks, Lumos
6
Australian Renewable Energy Agency
(5 Investments)
Sunverge Energy, Canadian Solar, Solar Analytics
7
European Commission(5 Investments)
Sol Voltaics, Watly, Akuo Energy
8
European Investment Bank(5
Investments)
Oxford Photovoltaics, Heliatek, D.light Design
9
Rabobank(5 Investments)
Nautilus Solar, sPower, Banks Group
10
DEBT INVESTORS
Hercules Capital(8 Investments)
BrightSource Energy, Nanosolar, Sungevity
1
Western Technology Investment(8
Investments)
Nanosolar, Off Grid Electric, Soliant Energy
2
Silicon Valley Bank(6 Investments)
SolarCity, Innovalight, Sunlight Financial
3
Finnfund(2 Investments)
Mobisol, UpEnergy
4
Advantage Capital
HESP Solar
5
Farallon Capital Management
Hindustan Powerprojects
6

52. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201852
Solar Energy >Investment Trends >Investors in Unicorn club
Investors in Unicorn Club (1/7)

53. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201853
Solar Energy >Investment Trends >Investors in Unicorn club
Investors in Unicorn Club (2/7)

54. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201854
Solar Energy >Investment Trends >Investors in Unicorn club
Investors in Unicorn Club (3/7)

55. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201855
Solar Energy >Investment Trends >Investors in Unicorn club
Investors in Unicorn Club (4/7)

56. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201856
Solar Energy >Investment Trends >Investors in Unicorn club
Investors in Unicorn Club (5/7)

57. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201857
Solar Energy >Investment Trends >Investors in Unicorn club
Investors in Unicorn Club (6/7)

58. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201858
Solar Energy >Investment Trends >Investors in Unicorn club
Investors in Unicorn Club (7/7)

59. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201859
Solar Energy >Investment Trends >Unicorn Investors in the Sector
Unicorn Investors in the Sector

60. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
60
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Other Notable Markets
Market Deep Dive

61. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Waste & Water Management
May 2018
Geothermal Energy
Apr 2018
Wind Energy
Apr 2018

62. Feed Report -Solar Energy -Jun 201862
Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.
Marketmap: Solar Energy
Solar Energy > Market Details >BlueBox

63. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Key Sub Sectors
63
Key Sub Sectors in Solar Energy
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Hardware Developer
Companies developing energy generation hardware and other associated Balance of System
equipment
MiaSole (2001, Santa Clara, Acquired)
SunPower (1985, Athens, $1.7B)
863 360$11.7B
Independent Power Producer
Companies that own, operate and generate solar power from its solar plants
Welspun Renewables (1985, Delhi,
Acquired)
ReNew Power Ventures (2011, Gurgaon,
$898M)
363 200$7.8B
Solar-as-a-service
Companies that provide solar solutions to its customers on lease basis
SolarCity (2006, San Mateo, Acquired)
Sunnova (2010, Houston, $1.2B)
108 48$3.9B
Project Developers
Companies that develop solar projects and offer operation and maintenance services
Compagnie du Vent (1989, Montpellier,
Acquired)
BrightSource Energy (2006, Oakland,
$805M)
1590 246$3.7B
Solar Products
Companies developing consumer products which use solar energy to provide lighting,
heating/cooling o....
Standard Renewable (2006, San Antonio,
Acquired)
Greenlight Planet (2007, Chicago, $79M)
553 138$626M
Software Solutions
Companies developing software applications for solar projects
Fat Spaniel (2003, San Jose, Acquired)
Powerhive (2011, Berkeley, $20M)
215 73$128M
Retail
Companies offering an online portal for selling solar products
PVPower (2009, Chicago, Acquired)
King Solarman (2008, Fremont, $10M)
58 6$18.9M
Power Sharing
Companies developing Peer-to-Peer power sharing systems for sharing solar energy
Enova Community Energy (2016, Byron
Bay, $3.8M)
DC Power Co (2017, Melbourne, $2.5M)
18 5$6.3M
Solar Energy >Market Details >Key Sub Sectors

64. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Detailed Sector Taxonomy (1/7)
64
Solar Energy >Market Details >Detailed Sector Taxonomy

65. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Detailed Sector Taxonomy (2/7)
65
Solar Energy >Market Details >Detailed Sector Taxonomy

66. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Detailed Sector Taxonomy (3/7)
66
Solar Energy >Market Details >Detailed Sector Taxonomy

67. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Detailed Sector Taxonomy (4/7)
67
Solar Energy >Market Details >Detailed Sector Taxonomy

68. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Detailed Sector Taxonomy (5/7)
68
Solar Energy >Market Details >Detailed Sector Taxonomy

69. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Detailed Sector Taxonomy (6/7)
69
Solar Energy >Market Details >Detailed Sector Taxonomy

70. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Detailed Sector Taxonomy (7/7)
70
Solar Energy >Market Details >Detailed Sector Taxonomy

71. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Independent Power Producer > Utility
Companies that own and operate large-scale solar power plants
(Companies covered 191 | Funded 114 | Total Funding $6.7B)
$1.6B
(-$3.3B)
17
(-77)
Cypress Creek
Renewables
(2014, Santa Monica, $450M)
2
(+6)
Independent Power Producer > Distributed
Companies that own and operate small-scale distributed solar power plants
(Companies covered 102 | Funded 51 | Total Funding $581M)
$206M
(-$170M)
13
(-23)
CleanMax Solar
(2011, Mumbai, $123M)
3
(+8)
Independent Power Producer > Distributed > Rural
Companies that own and operate small-scale distributed solar power plants for rural areas
(Companies covered 36 | Funded 21 | Total Funding $257M)
$163M
(+$79.4M)
13
(-2)
Off Grid Electric
(2011, Arusha, $113M)
4
(+2)
Project Developers > EPC > Multi-Scale
Companies which provide EPC services for Utility Scale as well as Distributed power plants
(Companies covered 188 | Funded 61 | Total Funding $900M)
$364M
(-$426M)
9
(-52)
GreenWish Partners
(2010, Paris, 0)
5
(+1)
Project Developers > EPC > Distributed
Companies providing EPC services to develop distributed solar power plants
(Companies covered 487 | Funded 53 | Total Funding $622M)
$91.6M
(-$439M)
10
(-23)
Sunseap
(2011, Singapore, $138M)
6
(-4)
Hardware Developer > Generation Equipment > PV > Cells
Companies developing solar cells which can convert light into electricity using the photovoltaic effect
(Companies covered 68 | Funded 40 | Total Funding $1.8B)
$62.9M
(-$1.6B)
9
(-54)
Oxford Photovoltaics
(2010, Oxford, $100M)
7
(+5)
Project Developers > Turnkey Developers > Multi-Scale
Companies that develop solar projects of multiple sizes
(Companies covered 142 | Funded 22 | Total Funding $946M)
$194M
(-$323M)
7
(-1)
Origis Energy
(2008, Miami, $149M)
71
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/3)
Top Markets by Funding in Solar Energy in last 2 years (June 2016 -May 2018)
Solar Energy >Market Details >Top Markets of Investment Activity

72. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201872
Top Markets of Investment Activity (2/3)
Solar Energy >Market Details >Top Markets of Investment Activity

73. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201873
Top Markets of Investment Activity (3/3)
Solar Energy >Market Details >Top Markets of Investment Activity

74. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Incubators
Seed Jadeberg Partners (#2), Northwest Energy Angels (#1)
Series A/B IFC (#2), Barclays (#1)
Series C+
Asian Development Bank (#3), Prudential Capital Group
(#2)
Orange Renewable Jun -2018
Acq by Greenko Group for $300M
8point3 Energy Partners
Feb -2018
Acq by Capital Dynamics for $977M
Equis Energy Jan -2018
Acq by Global Infrastructure Partners
for $5B
ForVEI Nov -2017
Acq by ERG for $396M
$79M -PE
Onyx Renewable Partners (2014,
New York City, $132M)
$247M -PE
ReNew Power Ventures (2011,
Gurgaon, $898M)
Series A
SunSource Energy (2010, Delhi)
$46.5M -PE
Cypress Creek Renewables (2014,
Santa Monica, $450M)
$217M -PE
Silicon Ranch (2010, Nashville,
$276M)
$50M -PE
Mainstream Renewable Power
(2008, Dublin, $88.4M)
Jul 2017
328-MW California Solar Facility Announced, Power
Engineering
Oct 2017
Greenwood Energy Appoints John Pfersching as Director of
Accounting, PR Newswire
Apr 2017
HECO and NRG sign PPA for Oahu’s largest solar project, PV-
Tech
Jan 2017
PSEG Solar Source Acquires Two Solar Projects from BayWa
r.e., Citybizlist
Jan 2017OPG Power to raise Rs1,000 crore via Indian IPO, Livemint
Jun 2017NextEra lines up GE in Nebraska, ReNEWS
Aug 2017
BlueNRGY to Acquire Green States Energy for USD60 Million,
Research Views
Jun 2017
Pomerantz Law Firm Reminds Shareholders with Losses on
their Investment in Sky Solar Holdings, Ltd. of Class Action
Lawsuit and Upcoming Deadline , GlobeNewswire
Jul 2017
Capital Power's (CPXWF) CEO Brian Vaasjo on Q2 2017
Results , Seeking Alpha
Sep 2017
Former Vestas, GE Senior Exec Joins Northland Power As
COO, North American Windpower
Jul 2015
French Renewable IPP AkuoEnergy Grabs €34 Million In
Green Bond Issue, CleanTechnica
Sep 2017
Azure Power Commissions a 50 MW NTPC Solar Project in
Uttar Pradesh, Business Wire
Apr 2017
NextEra in Talks to Revive $18.4 Billion Deal for Energy
Future’s Oncor, The Wall Street Journal
News
0
2
4
6
8
10
12
14
16
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
20142015201620172018
YoY Funding Rounds
51
36
53
114
191
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Independent Power Producer > Utility: Market Factsheet
74
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies that own and operate
large-scale solar power plants
ReNew Power Ventures
(2011, Gurgaon, $898M)
SolarReserve
(2007, Los Angeles, $797M)
Acciona Energy
(1989, Madrid, $567M)
Arlington Valley Solar Energy
(2009, Pleasanton, $550M)
Cypress Creek Renewables
(2014, Santa Monica, $450M)
Top Companies
#1 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Utility
Companies Created 191 | Funded 114 | Total Funding $6.7B
Market: Utility

75. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201875
Independent Power Producer > Utility: Top Companies
Solar Energy >Market Details >Market: Utility
#1 Top Markets of Investment Activity
Market: Utility (1/3)
Analyst’s Pick
ReNew Power Ventures (2011, Gurgaon,
$898M)
Renewable energy developer
Unicorn.Stage: Funded
CPP Investment Board, HSBC Group, YES BANK and
13 Other Investors
SolarReserve (2007, Los Angeles, $797M)
Independent solar power producer
Soonicorn.Stage: Series C
Department of Energy, Kensani Capital, Good
Energies Foundation and 5 Other Investors
Acciona Energy (1989, Madrid, $567M)
Independent power producer
Unicorn.Stage: Funded
Kohlberg Kravis Roberts
Cypress Creek Renewables (2014, Santa
Monica, $450M)
Owns and develops solar farms
Editor's Pick.Stage: Funded
Temasek
Analyst’s Pick
Hindustan Powerprojects (2008, Delhi,
$300M)
Conventional and clean energy generating company
Soonicorn.Stage: Funded
Farallon Capital Management, Bank of America
Merrill Lynch, The Blackstone Group
Silicon Ranch (2010, Nashville, $276M)
Independent powe producers
Soonicorn.Stage: Series B
Shell Global, Partners Group, Mountain Group
Partners
Welspun Renewables (1985, Delhi, $215M)
Solar and wind power generation
Soonicorn.Stage: Acquired
Asian Development Bank, GE Energy Financial
Services, General Electric
Equis Energy (2012, Singapore, $185M)
Independent Power Producer of renewable energy
Minicorn.Stage: Acquired
Analyst’s Pick
Element Power (2008, Portland, $183M)
IPP in wind and solar space
Editor's Pick.Stage: Acquired
Hudson Clean Energy Partners
ACME Cleantech Solutions (2003, Gurgaon,
$162M)
Energy Management solutions developer
Minicorn.Stage: Funded
Piramal Group, EDF Energies Nouvelles, Eren
Groupe, Brand Capital
NSL Renewable Power (1985, Hyderabad,
$150M)
Thermal, wind, solar, biomass and hydel energy
generation
Soonicorn.Stage: Series D
IFC, Asian Development Bank, Proparco and 4
Other Investors
BioTherm Energy (2003, Fourways, $150M)
Renewable Energy developer
Editor's Pick.Stage: Funded
Denham Capital

76. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201876
Independent Power Producer > Utility: Top Companies
Solar Energy >Market Details >Market: Utility
#1 Top Markets of Investment Activity
Market: Utility (2/3)
Analyst’s Pick
Hero Future Energies (2012, Delhi, $125M)
Independent power producer in renewable energy
sector
Minicorn.Stage: Funded
IFC
Energix (2009, Ramat Gan, $91.3M)
Renewable energy Independent Power Producer
Minicorn.Stage: Public
Mainstream Renewable Power (2008,
Dublin, $88.4M)
Develops wind and solar plants
Editor's Pick.Stage: Series A
Apollo Global Management, Barclays, Bloom Equity
Recurrent Energy (2006, San Francisco, $85M)
Utility-Scale Solar Project Developer
Minicorn.Stage: Acquired
Prudential Capital Group, Hudson Clean Energy
Partners, Mohr Davidow Ventures and 2 Other
Investors
Analyst’s Pick
Terra-Gen (2007, New York City, $55M)
Independent renewable energy power producer
Editor's Pick.Stage: Funded
GV, MUFG Union Bank, Credit Agricole and 4 Other
Investors
NextEra Energy Resources (1985, Juno
Beach, $38.8M)
IPP ccompany
Unicorn.Stage: Public
Azure Power (2008, Delhi, $31.1M)
Solar power producer
Minicorn.Stage: Public
Proparco, IFC, Export-Import Bank of the United
States and 5 Other Investors
Alcazar Energy (2014, Dubai, $25M)
Independent Power producer
Minicorn.Stage: Funded
IFC, DASH Ventures
Analyst’s Pick
Solaria (2002, Madrid, $22M)
Independent power producer
Minicorn.Stage: Public
Rivage Investment, CMEA Capital, DBL Partners and
6 Other Investors
Alterra Power (2008, Vancouver, $21M)
Renewable energy project developer using multiple
sources of energy
Minicorn.Stage: Acquired
NGEN Partners
Atlantica Yield (2013, London)
Owns contracted renewable energy projects
Editor's Pick.Stage: Unfunded
EDF Renewable Energy (1987, San Diego)
Independent solar and wind power producer
Editor's Pick.Stage: Funded
Allianz Capital Partners, Bank of America
Genex Power (2014, Sydney)
Renewable energy project developer
Editor's Pick.Stage: Public

77. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201877
Independent Power Producer > Utility: Top Companies
Solar Energy >Market Details >Market: Utility
#1 Top Markets of Investment Activity
Market: Utility (3/3)
Analyst’s Pick
Neoen (2008, Paris)
Independent power producer in solar wind and
biomass
Editor's Pick.Stage: Acquired
Government of South Australia, Bpifrance, Omnes
Capital
NextEra Energy (1925, Juno Beach)
Large Utility with focus on clean energy
Editor's Pick.Stage: Public
U.S. Capital Advisors LLC
NextGen Solar (2009, Washington D.C.)
Independent solar power producer
Editor's Pick.Stage: Funded
Batterson Venture Capital
NRG Energy (1989, Princeton)
Energy generation and storage
Editor's Pick.Stage: Public
Elliott Management, TPG, Chatham Capital
RenewGeo (2017, Reno)
Developer of solar augmented geothermal energy
technology
Editor's Pick.Stage: Unfunded

78. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
78
Independent Power Producer > Utility: Leaderboard
Solar Energy >Market Details >Market: Utility
#1 Top Markets of Investment Activity
Better than Market Average
Market: Utility
Overall
Rating
Company
Name
Foun
ded
Year
LocationStageFundingTeam
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0Good Energy1999
Chippenha
m
Public $4.6M- 3 - - 9369k7730k6155k18% 4 7% 1 -
5.0
Bharat Light &
Power
2010Delhi Series C $70.4M- 5 - - 16.2M - 30012 3M81% - - - -
4.9Solaria 2002Madrid Public $22M - - - 4 32.4M112 - --2.9M-65% - - 1313%
4.9
Windkraft
Simonsfeld
1996ErnstbrunnFunded -- 4 4 4 -6.7M - 300 7 2M24% - - - -
4.9Silicon Ranch2010NashvilleSeries B $276M - - - 3 -6.3M263 - -158k3% - - 9556%
4.9
Hero Future
Energies
2012Delhi Funded $125M - - - 3 92.4M3k - --388k-14% - - 81438%
4.8
AES El
Salvador
2016
San
Salvador
Funded -- - - 4 11.5M12k - -769k85% - - 7286%
4.8Access Power2012Dubai Funded -- - - 4 21.8M7.1k- - -2M-50% - - 2003%
4.8ENCAVIS 2017Hamburg Public -- - - 4 -2.8M196 - -
-
427.3
M
-99% - - 9288%
4.7
OPG Power
Ventures
2008Toronto Public -- - - 3 114.9M44 - - 3M78% - - 1550%
4.7
AltenEnergias
Renovables
2006Madrid Funded -- - - 4 2 8M 361 - - 8M
14692
93%
- - 286525%
4.7
West Solent
Solar
2013
Southampt
on
Unfunded -- - - 4 - - 286 - - - - - - 5 2%

79. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Incubators Techstars (#1), Venture Kick (#1)
Seed Bessemer Venture Partners (#1), Tenaska (#1)
Series A/B NewWorld Capital Group (#1), Dry Creek Ventures (#1)
Series C+ US Bank (#1), Warburg Pincus (#1)
BluEarth Renewables Jun -2015
Acq by Ontario Teachers' Pension Plan
Tioga Energy Jul -2013
Acq by sPower
UGE Dec -2011
IPO'd on CVE
NRG Solar Nov -2011
Acq by NRG Energy
Fintel Energia Mar -2010
IPO'd on BIT
SMA Solar Technology Jun -2008
IPO'd on FRA
$15M -PE
CleanMax Solar (2011, Mumbai,
$123M)
Seed
Solarity (2014, Las Condes)
$108M -PE
CleanMax Solar (2011, Mumbai,
$123M)
$1M -Seed
Solstice (2014, Boston, $1M)
$30k -Seed
Simusolar (2014, Mwanza, $30k)
$2.1M -Series A
NewHeat (2015, Begles, $2.1M)
Dec 2016
Innergex acquires two wind projects in France, Private Equity
Wire
Jun 2017
UGE Announces $1,800,000 Bought Deal Private Placement,
CNW
Jul 2017Warburg Pincus invests ₹650 crore in CleanMax, Business Line
Aug 2017Scl Energía Activa Invests In Chile’s Solarity Energía, LAVCA
Dec 2017
Standard Solar to Finance 15 Additional Solar Rooftops for
DC Department of General Services, Citybizlist
Nov 2017SMA Solar Technology reports Q3 results, Seeking Alpha
Oct 2017
AES Distributed Energy Selects SunPower® Oasis® Power
Plant Platform to Power Innovative Solar Plus Storage Plant
in Kaua i, Global Renewable News
May 2017Innergex revenue rises 19%, ReNEWS
Aug 2015Kohli Ventures Invests in Renewable Energy, Business Wire
Aug 2017Innergex closes buy 43 MW of French wind, Renewables Now
Jul 2017
Tribute Resources Announces the Engagement of a Financial
Advisory Services Firm to Raise Financing, FSCWire
May 2017
Innergex starts commercial operation of two wind farms in
France, Clean Technology Business Review
Oct 2017
Innergex Renewable Energy to buy Alterra Power in C$1.1
billion deal, Reuters
Sep 2017
BluEarth Renewables Acquires Ontario Wind Facility, North
American Windpower
Nov 2017
IFC bets on green power, invests $15 million in CleanMax
Solar, Indiatimes
News
0
2
4
6
8
10
12
$0k
$20M
$40M
$60M
$80M
$100M
$120M
$140M
20142015201620172018
YoY Funding Rounds
14
7
22
51
102
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Independent Power Producer > Distributed: Market Factsheet
79
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies that own and operate
small-scale distributed solar
power plants
NRG Solar
(2006, Mill Valley, $153M)
CleanMax Solar
(2011, Mumbai, $123M)
Soltage
(2005, Jersey City, $82M)
BluEarth Renewables
(2010, Calgary, $81M)
Focal Energy
(2008, Delhi, $35M)
Top Companies
#2 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Distributed
Companies Created 102 | Funded 51 | Total Funding $581M
Market: Distributed

80. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201880
Independent Power Producer > Distributed: Top Companies
Solar Energy >Market Details >Market: Distributed
#2 Top Markets of Investment Activity
Market: Distributed
Analyst’s Pick
NRG Solar (2006, Mill Valley, $153M)
Independent solar power producer
Editor's Pick.Stage: Acquired
US Bank, Globespan Capital Partners, Dry Creek
Ventures and 3 Other Investors
CleanMax Solar (2011, Mumbai, $123M)
Solar power project developer in India
Editor's Pick.Stage: Seed
IFC, Warburg Pincus, Bessemer Venture Partners,
The GWB Group
NewHeat (2015, Begles, $2.1M)
Solar powered process heat providers for industrial
use
Editor's Pick.Stage: Series A
Ponticelli, Noria, Etchart, Aquiti Gestion
Solstice (2014, Boston, $1M)
Community solar solutions
Editor's Pick.Stage: Seed
Right Side Capital Management, Techstars, Dorm
Room Fund
Analyst’s Pick
Innergex (1990, Longueuil)
Renewable energy based IPP
Editor's Pick.Stage: Public
Birch Hill Equity Partners
SMA Solar Technology (1981, Nieste)
Offers solar services to homes and industries
Editor's Pick.Stage: Public

81. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
81
Independent Power Producer > Distributed: Leaderboard
Solar Energy >Market Details >Market: Distributed
#2 Top Markets of Investment Activity
Better than Market Average
Market: Distributed
Overall
Rating
Company
Name
Foun
ded
Year
LocationStageFundingTeam
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0Solstice 2014Boston Seed $1M - - - 5 -1.5M1.3k- --17k-1% - - 17716%
4.9Younergy 2014LausanneSeed $135k- - - 3 -3.1M288 - --755k-18% - - 6428%
4.9
BlueWave
Solar
2010Boston Unfunded -- - - 5 -2.7M421 - - 67k3% - - 14251%
4.8Standard Solar2004RockvilleAcquired $12M - - - - 101.9M10k - --90k-5% - - 3954%
4.8CleanMaxSolar2011Mumbai Seed $123M - - - - 121.4M376 - -168k14% - - 8228%
4.7
Baker
Renewable
2009RaleighUnfunded -- - - 4 -5.8M877 - --187k-3% - - 54 7%
4.7Soltage 2005Jersey CitySeries C $82M - - - - 55.7M830 - --1.2M-17% - - 24742%
4.6
SMA Solar
Technology
1981Nieste Public -- - - - 18125k15k - - 7k 6% - - 7235%
4.6Volt Energy2009
Washingto
n D.C.
Unfunded -- - - 4 1 10M506 - - 8M85% - - 7 1%
4.5Voltalia 2005Paris Public -- - - - 82.2M285 - - 2M92% - - 9043%
4.5Tioga Energy2007San MateoAcquired $35M - - - - -10M268 - - - - - - 2 1%
4.4
Neighborhood
Sun
2016
Silver
Spring
Seed $390k- - - 3 2 10M339 - --5.5M-35% - - - -
4.3Innergex 1990LongueuilPublic -- - - - 242.1M662 - --190k-9% - - 7613%
4.3NewHeat 2015Begles Series A $2.1M- - - 2 17.9M - - - - - - - - -

82. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Incubators Y Combinator (#1), Clean Energy Trust (#1)
Seed Lendahand (#1), ClearlySo (#1)
Series A/B Acumen (#2), Engie (#2)
Series C+ Energy Access Ventures (#1), Blue Haven Initiative (#1)
None
Series B
Kingo (2013, Guatemala City, $19M)
$10M -Series D
M Kopa (2011, Nairobi, $99.1M)
$55M -Series D
Off Grid Electric (2011, Arusha,
$113M)
$51.3M -Series D
M Kopa (2011, Nairobi, $99.1M)
$13.5M -Series B
PEG Africa (2013, Accra, $21M)
$399k -Seed
Azuri Technologies (2012,
Cambridge, $399k)
$3.2M -Series A
Oolu (2014, Dakar, $3.3M)
$8M -Series B
Kingo (2013, Guatemala City, $19M)
Seed
UpOwa (2014, Bafoussam)
$650k -Seed
Brighter World Energy (2016,
Manchester, $650k)
Oct 2017
Kingo Secures $4 Million Round of Debt Financing From
Developing World Markets (DWM), PR Newswire
Mar 2017
Azuri’s First Crowdfunding Raises €160k for PayGo Solar,
Business Wire
Feb 2016
Off Grid Electric Receives Investment from Electranova
Capital US, FinSMEs
May 2016
Africa Roundup: More VC to Jumia’s parent, Konga Launches
Nigeria’s PayPal, M-Kopa Solar lights homes with M-Pesa,
TechCrunch
Dec 2014Tanzania's Off Grid Electric raises US$16m, Disrupt Africa
Dec 2016
Safaricom to train M-KOPA Solar on technology &
distribution via new exchange programme, TechMoran
Apr 2016
NovoMoto secures $90,000 at Clean Energy Trust Challenge,
LinkedIn
Oct 2015
DBL Leads $25M Round in African Solar Company Off Grid
Electric, DBL Partners
Jan 2005
EDF in partnership to deliver off-grid power in Ghana,
Decentralized Energy
Mar 2017Azuri PayGo solar sales top 100,000, Cambridge Network
Nov 2017
Azuri credits partner model for strong growth in Kenya, CIO
East Africa
Oct 2017
M-KOPA Solar secures $80million to provide finance for
solar installations in one million homes, Innovation-village
Dec 2017
Universal Battery Energy Storage Systems: Off Grid Energy
Showcases Latest Innovation , Green Energy News
Dec 2016
Safaricom, M-Kopa start staff exchange programme,
Telecompaper
News
0
2
4
6
8
10
$0k
$20M
$40M
$60M
$80M
$100M
20142015201620172018
YoY Funding Rounds
-
2
5
21
36
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Independent Power Producer > Distributed > Rural: Market Factsheet
82
Exits
Most Active Investors
Recent Investments
YoY Funding and Rounds
Companies that own and operate
small-scale distributed solar
power plants for rural areas
Off Grid Electric
(2011, Arusha, $113M)
M Kopa
(2011, Nairobi, $99.1M)
PEG Africa
(2013, Accra, $21M)
Kingo
(2013, Guatemala City, $19M)
Oolu
(2014, Dakar, $3.3M)
Top Companies
#3 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Rural
Companies Created 36 | Funded 21 | Total Funding $257M
Market: Rural

83. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201883
Independent Power Producer > Distributed > Rural: Top Companies
Solar Energy >Market Details >Market: Rural
#3 Top Markets of Investment Activity
Market: Rural
Analyst’s Pick
Off Grid Electric (2011, Arusha, $113M)
Offers solar services for rural residences
Soonicorn.Stage: Series D
Helios Investment Partners, GE Ventures,
Developing World Markets and 17 Other Investors
M Kopa (2011, Nairobi, $99.1M)
Offers solar systems on pay-as-you-go basis
Soonicorn.Stage: Series D
CDC Group, Generation Investment Management,
LGT Venture Philanthropy and 15 Other Investors
PEG Africa (2013, Accra, $21M)
Offgrid solar solutions provider for rural areas
Minicorn.Stage: Series B
Blue Haven Initiative, Investisseurs & Partenaires,
Engie and 8 Other Investors
Kingo (2013, Guatemala City, $19M)
Prepaid solar energy provider
Minicorn.Stage: Series B
Leonardo DiCaprio, Developing World Markets,
Engie and 9 Other Investors
Analyst’s Pick
Gram Power (2010, Jaipur)
Manufacturers of Smart Meters and off-grid
electricity
Minicorn.Stage: Funded
USAID

84. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
84
Independent Power Producer > Distributed > Rural: Leaderboard
Solar Energy >Market Details >Market: Rural
#3 Top Markets of Investment Activity
Better than Market Average
Market: Rural
Overall
Rating
Company
Name
Foun
ded
Year
LocationStageFundingTeam
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App
UX
Web
UX
News
Web
Traffic
Rank
Social
Follow
ing
Mobile
Downl
oads
# App
Revie
ws
Web Traffic
Rank
Mobile
Downloads
Social
Following
Δ % Δ % Δ %
5.0M Kopa 2011Nairobi Series D $99.1M- 4 4 3 91.3M6.3k8k 66572k90% 813%71013%
4.9
Off Grid
Electric
2011Arusha Series D $113M - 5 - - 8374k4.4k3k117-317k-46%2628%3338%
4.7
Azuri
Technologies
2012CambridgeSeed $399k- - - 3 131.6M3.7k- -109k7% - - 51316%
4.6ARNERGY 2013Lagos Unfunded -- - - 4 -1.3M1.1k- - 64k5% - - 18622%
4.4
Brighter World
Energy
2016ManchesterSeed $650k- - - 2 -8.5M294 - - 6M168% - - -18-6%
4.3Mlinda 2005Paris Funded -- - - 4 - 6M 59 - - 3M59% - - 916%
4.1Kingo 2013
Guatemala
City
Series B $19M - - - - 22.9M682 - --398k-12% - - 29677%
4.0Devergy 2010
Dar Es
Salaam
Seed -- - - - -6.6M1.4k- - 4M97% - - 15 1%
3.8Oolu 2014Dakar Series A $3.3M- - - - 34.4M320 - - 2M35% - - - -
3.7Solaris 2009Mwanza Funded -- - - - 15.8M1.2k- --3.7M-35% - - 51 5%
3.5PEG Africa 2013Accra Series B $21M - - - - 13.3M - - -437k15% - - - -
3.4AusarEnergy2014Ecully Seed -- - - 4 - - - - - - - - - - -
3.2Kamworks 2006
Phnom
Penh
Unfunded -- - - 4 -10M230 - -13M188% - - 12 5%
3.1GhamPower 2010KathmanduFunded -- - - - -9.3M470 - - 3M29% - - 35 8%

85. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201885
#4 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Multi-Scale
Companies Created 188 | Funded 61 | Total Funding $900M
Market: Multi-Scale

86. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201886
Solar Energy >Market Details >Market: Multi-Scale
#4 Top Markets of Investment Activity
Market: Multi-Scale

87. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201887
Solar Energy >Market Details >Market: Multi-Scale
#4 Top Markets of Investment Activity
Better than Market Average
Market: Multi-Scale

88. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201888
#5 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Distributed
Companies Created 487 | Funded 53 | Total Funding $622M
Market: Distributed

89. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201889
Solar Energy >Market Details >Market: Distributed
#5 Top Markets of Investment Activity
Market: Distributed

90. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201890
Solar Energy >Market Details >Market: Distributed
#5 Top Markets of Investment Activity
Better than Market Average
Market: Distributed

91. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201891
#6 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Cells
Companies Created 68 | Funded 40 | Total Funding $1.8B
Market: Cells

92. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201892
Solar Energy >Market Details >Market: Cells
#6 Top Markets of Investment Activity
Market: Cells (1/2)

93. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201893
Solar Energy >Market Details >Market: Cells
#6 Top Markets of Investment Activity
Market: Cells (2/2)

94. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201894
Solar Energy >Market Details >Market: Cells
#6 Top Markets of Investment Activity
Better than Market Average
Market: Cells

95. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201895
#7 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Multi-Scale
Companies Created 142 | Funded 22 | Total Funding $946M
Market: Multi-Scale

96. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201896
Solar Energy >Market Details >Market: Multi-Scale
#7 Top Markets of Investment Activity
Market: Multi-Scale

97. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201897
Solar Energy >Market Details >Market: Multi-Scale
#7 Top Markets of Investment Activity
Better than Market Average
Market: Multi-Scale

98. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201898
#8 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Residential
Companies Created 31 | Funded 11 | Total Funding $150M
Market: Residential

99. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 201899
Solar Energy >Market Details >Market: Residential
#8 Top Markets of Investment Activity
Market: Residential

100. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018100
Solar Energy >Market Details >Market: Residential
#8 Top Markets of Investment Activity
Better than Market Average
Market: Residential

101. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018101
#9 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Residential
Companies Created 12 | Funded 8 | Total Funding $1.8B
Market: Residential

102. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018102
Solar Energy >Market Details >Market: Residential
#9 Top Markets of Investment Activity
Market: Residential

103. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018103
Solar Energy >Market Details >Market: Residential
#9 Top Markets of Investment Activity
Better than Market Average
Market: Residential

104. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018104
#10 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Storage
Companies Created 15 | Funded 9 | Total Funding $243M
Market: Storage

105. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018105
Solar Energy >Market Details >Market: Storage
#10 Top Markets of Investment Activity
Market: Storage

106. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018106
Solar Energy >Market Details >Market: Storage
#10 Top Markets of Investment Activity
Better than Market Average
Market: Storage

107. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018107
#11 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Residential
Companies Created 13 | Funded 8 | Total Funding $566M
Market: Residential

108. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018108
Solar Energy >Market Details >Market: Residential
#11 Top Markets of Investment Activity
Market: Residential

109. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018109
Solar Energy >Market Details >Market: Residential
#11 Top Markets of Investment Activity
Better than Market Average
Market: Residential

110. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018110
#12 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Residential
Companies Created 85 | Funded 23 | Total Funding $127M
Market: Residential

111. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018111
Solar Energy >Market Details >Market: Residential
#12 Top Markets of Investment Activity
Market: Residential

112. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018112
Solar Energy >Market Details >Market: Residential
#12 Top Markets of Investment Activity
Better than Market Average
Market: Residential

113. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018113
#13 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Commercial & Residential
Companies Created 15 | Funded 10 | Total Funding $247M
Market: Commercial & Residential

114. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018114
Solar Energy >Market Details >Market: Commercial & Residential
#13 Top Markets of Investment Activity
Market: Commercial & Residential

115. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018115
Solar Energy >Market Details >Market: Commercial & Residential
#13 Top Markets of Investment Activity
Better than Market Average
Market: Commercial & Residential

116. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018116
#14 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Power Electronics
Companies Created 93 | Funded 38 | Total Funding $752M
Market: Power Electronics

117. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018117
Solar Energy >Market Details >Market: Power Electronics
#14 Top Markets of Investment Activity
Market: Power Electronics

118. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018118
Solar Energy >Market Details >Market: Power Electronics
#14 Top Markets of Investment Activity
Better than Market Average
Market: Power Electronics

119. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018119
#15 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Wafers
Companies Created 25 | Funded 22 | Total Funding $1B
Market: Wafers

120. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018120
Solar Energy >Market Details >Market: Wafers
#15 Top Markets of Investment Activity
Market: Wafers

121. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018121
Solar Energy >Market Details >Market: Wafers
#15 Top Markets of Investment Activity
Better than Market Average
Market: Wafers

122. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018122
#16 Top Markets of Investment Activity
Solar Energy >Market Details >Market: O&M
Companies Created 54 | Funded 10 | Total Funding $45.5M
Market: O&M

123. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018123
Solar Energy >Market Details >Market: O&M
#16 Top Markets of Investment Activity
Market: O&M

124. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018124
Solar Energy >Market Details >Market: O&M
#16 Top Markets of Investment Activity
Better than Market Average
Market: O&M

125. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018125
#17 Top Markets of Investment Activity
Solar Energy >Market Details >Market: Multi-Scale
Companies Created 34 | Funded 14 | Total Funding $183M
Market: Multi-Scale

126. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018126
Solar Energy >Market Details >Market: Multi-Scale
#17 Top Markets of Investment Activity
Market: Multi-Scale

127. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018127
Solar Energy >Market Details >Market: Multi-Scale
#17 Top Markets of Investment Activity
Better than Market Average
Market: Multi-Scale

128. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
128
Notable Acquisitions
Top Acquirers
Acqui-hires

129. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Waste & Water Management
May 2018
VR Gaming
May 2018
Nutraceuticals
May 2018

130. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (1/22)
130
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Mar 2018
Solarhybrid(2008, Brilon)
Solar Project developer
$34.5B SHL
Nov 2017
ContourGlobal(2005, New York City)
Independent Power Producer
$905M 9.15BVMF:AFLU3
Jul 2017
Spectur(2009, Perth)
Designs and manufactures solar powered products
$6.6M $6.6M $1M ASX:SP3
Mar 2017
Urja global(1992, Delhi)
Installs solar plants and offers solar consumer products
$33.8M $20M 268.72 NSE:URJA
Feb 2017
Renova(2000, Tokyo)
Utility scale renewable energy plant developer
$116M $116M $74.6M TYO:9519
Jan 2017
VivoPower(2014, Osborne)
Installs solar systems for commercial purpose
$46.5M $32.3M NASDAQ:VVPR
Oct 2016
Azure Power(2008, Delhi)
Solar power producer
$396M $466M $64.6M NYSE:AZRE
Aug 2016
JSPV(2008, Asan)
Manufacturer of solar cells and modules
$8.3M KOSDAQ:250300
Jun 2016
Anji Technology(2007, Tainan)
Solar panel manufacturer
$27.7M 28.06 TPE:6477
Jan 2016
Ablytek(2006, Pingtung)
Makes BIPV, rooftiles, shingles etc
$26.6M TPE:6511
Solar Energy >Exit Outlook >Public Companies

131. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (2/22)
131
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Aug 2015
Sunrun(2007, San Francisco)
Solar services for residents
$1.2B $1.4B $454M 6.98NASDAQ:RUN
Aug 2015
Genex Power(2014, Sydney)
Renewable energy project developer
$23.3M $23.3M $15.9k ASX:GNX
Jul 2015
NanoFlex Power(1994, Phoenix)
Develops solar organic solar PV
$15.8M OTCMKTS:OPVS
Jun 2015
SPIE(1998, Cergy)
Designs, constructs, operates and maintains renewable energy and
energy efficiency projects
$2.8B $2.8B $5.4B EURONEXT:SPIE
May 2015
Nanoco Group(2001, Manchester)
Provides display technology solutions based on Cadmium-free
Quantum Dots
$383M $383M $624k LON:NANO
Mar 2015
SolarEdge(2006, Hod Hasharon)
Solar Photovoltaic Power Electronics
$3B $685M $490M 24.71NASDAQ:SEDG
Nov 2014
Sky Solar Holdings(2009, Hong Kong)
Independent Power Producer
$56.4M 4.37NASDAQ:SKYS
Nov 2014
Sky Solar Group(2008, Madrid)
Independent power producer
$61.4M $383M $65.9M NASDAQ:SKYS
Nov 2014
Sunlux Energy(2011, Taipei)
Manufactures silicon solar materials
$13.5M TPE:6490
Solar Energy >Exit Outlook >Public Companies

132. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (3/22)
132
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Oct 2014
Scatec Solar(2007, Oslo)
Independent solar producers
$276M $126M OSE:SSO
Oct 2014
Vivint Solar(2011, Lehi)
Residential solar power providers
$478M $1.7B $135M NYSE:VSLR
Jun 2014
Blockchain Power(2013, Toronto)
Producer and distributor of renewable energy
BPWR
Jan 2014
Atlantica Yield(2014, Seville)
Energy YieldCo comprising of multiple generation sources
$2.3B AY
Oct 2013
Abengoa(1941, Seville)
Horizontally integrated company in energy and water and waste
management segment.
$1.6B BME:ABG.P
Oct 2013
Mercury(1998, Auckland)
Energy retailer and solar power plant installer
$1.2B ASX:MCY
Oct 2013
Pattern Energy Group(2013, San Francisco)
Renewable Energy focused IPP
$1.1B $1.1B $354M 16.6 TSE:PEGI
Jul 2013
West Holdings(1981, Tokyo)
Solar power project developers
$195M TYO:1407
Jul 2013
Orvis(1954, Fukuyama)
Real Estate and distributed solar project developer
$85.7M TYO:7827
Solar Energy >Exit Outlook >Public Companies

133. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (4/22)
133
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2013
Global EcoPower(2009, Aix-en-provence)
Wind energy project developer
$24.8M
EURONEXT:ALG
EP
Apr 2013
MH GoPower(2008, Kaohsiung City)
Manufacturers of VMJ PV cell
TPE:6424
Mar 2013
EAM Solar(2010, Oslo)
Acquires and operates solar power plants for long-term ownership.
$47.7M $4.7M OSE:EAM
Jul 2012
Good Energy(1999, Chippenham)
Wind and solar energy supplier
$16.8M $16.8M 16 LON:GOOD
Jun 2012
Jiangsu Sunrain Solar Energy(1999, Lianyungang)
Solar thermal systems for heating utilities
SHA:603366
Mar 2012
Enphase Energy(2006, Petaluma)
Manufactures micro-inverters
$512M $236M $323M 63.82NASDAQ:ENPH
Jan 2012
Enerdynamic Hybrid Technologies(2012, Welland)
Offers solar solutions
$1.3M CVE:EHT
Dec 2011
Beijing Jingneng Clean Energy(2009, Chaoyang)
Cleantech power generation company
HKG:579
Dec 2011
UGE(2008, New York City)
Offers solar and wind systems
$545k $545k $5.8M CVE:UGE
Nov 2011
Sungrow(1997, Hefei)
PV Inverter and Power Storage developer
$4.2B 25.57 SHE:300274
Solar Energy >Exit Outlook >Public Companies

134. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (5/22)
134
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Nov 2011
Tera Semicon(2002, Suwon-si)
Offers manufacturing equipment for solar cells and semiconductor
$97.6M $97.6M $143M 4.5KOSDAQ:123100
Oct 2011
Ujaas(1979, Indore)
Installer of utility-scale solar PV systems
$44M $73.9M 25.61BOM:533644
Oct 2011
PureRay(2006, Atlanta)
Solar based LED lighting system
$129k OTCMKTS:PURY
Sep 2011
Euro Solar Parks(2008, Ho-ho-kus)
Commercial solar plants developer
OTCMKTS:ESLP
May 2011
Energix(2009, Ramat Gan)
Renewable energy Independent Power Producer
$29.4M 54.07 TLV:ENRG
Jan 2011
7C Solar Parking(2008, Bayreuth)
Independent power producer
$31.9k 19.78 FRA:HRPK
Nov 2010
Giga Solar(2003, Taipei)
Manufacturer of Solar PV conductive paste
$457M TPE:3691
Oct 2010
Daqo New Energy(2007, Chongqing)
Manufactures polysilicon and silicon wafers
$707M $322M $229M 7.66 NYSE:DQ
Sep 2010
Indosolar(2008, Noida)
Manufacturer of Solar cells
$32.4M $216M $68.7M 3.88BOM:533257
Aug 2010
Changelight(2006, Xiamen)
LED lighting and solar cells manufacturer
$927M 27.23 SHE:300102
Solar Energy >Exit Outlook >Public Companies

135. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (6/22)
135
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jul 2010
Ameresco(2008, Framingham)
Cleantech energy and energy efficiency project developer
$528M $404M $651M 17.13 NYSE:AMRC
Jun 2010
Win Win Precision Technology(2003, Hsinchu)
Manufacturer and distributor of solar PV modules
$76.9M TPE:4949
May 2010
Jinko Solar(2006, Shanghai)
Manufactures solar cells, modules and mounting structures
$779M $239M $3.1B 28.51 NYSE:JKS
May 2010
Envision Solar(2006, San Diego)
Offers solar trees for parking lots and solar EV charging solutions
$44.4M OTCMKTS:EVSI
Mar 2010
Fintel Energia(1999, Pollenza)
Utility involved in power generation and energy distribution
BIT:FTL
Nov 2009
STR Solar(1944, Enfield)
Manufacturing solar panel encapsulators
$4.5M OTCMKTS:STRI
Nov 2009
Comtec Solar Systems(1999, Shanghai)
Solar wafers and silicon manufacturer
HKG:712
Oct 2009
RattanIndia Apna Solar(2007, Gurgaon)
Rooftops solar services
$193M $239M BOM:533122
Oct 2009
Euro Multivision(2004, Mumbai)
Manufacturer and trader of solar PV components
533109
Jul 2009
Capital Power(2009, Edmonton)
Power generator through different sources
$432M $432M $903M 19.11 TSE:CPX
Solar Energy >Exit Outlook >Public Companies

136. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (7/22)
136
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
May 2009
SDN Company(1994, Seongnam-si)
Manufacturing and installation of solar panel systems
$79.3M $79.3M $2.1B KOSDAQ:99220
Mar 2009
Carmanah(1996, Victoria)
Offers LED lighting and solar solutions
$68.4M 68.79 TSE:CMH
Jan 2009
Neo Solar Power(2005, Hsinchu)
SolarPV cell and module manufacturer
$510M TPE:3576
Dec 2008
Ecolutions(2007, Frankfurt)
Offers financing solutions for project developers
$145M $145M
EURONEXT:MLE
CO
Dec 2008
Solartech Energy(2005, Taipei)
Manufacturers of solar modules
$295M TPE:3561
Sep 2008
Edisun Power(1997, Zurich)
Independent Power Producer
14.79 SWX:ESUN
Sep 2008
Eversol(2007, Taipei)
Manufacturer of multi-crystalline solar wafers
TPE:3647
Aug 2008
GT Advanced Technologies(1994, Merrimack)
Manufactures equipment for solar, LED, and consumer electronics.
Nasdaq:GTAT
Jul 2008
TerniEnergia(2005, Narni)
Independent power producer in cleantech domain
BIT:TER
Jun 2008
SMA Solar Technology(1981, Nieste)
Offers solar services to homes and industries
$2.5B $2.6B $787k 76.19 FRA:S92
Solar Energy >Exit Outlook >Public Companies

137. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (8/22)
137
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2008
Tynsolar(2006, Hsinchu)
Manufacturer of PV modules
$9.3M TPE:3562
May 2008
OPG Power Ventures(2008, Toronto)
Developers and operators of power plants
$341M $255M 6.37 LON:OPG
May 2008
TES(2002, Cheongju-si)
Semiconductor, display and solar cells, compound semiconductor
equipment market
$134M $134M $148M KOSDAQ:95610
Mar 2008
Natcore(2007, Red Bank)
Thin Film Silicon Dioxide
$78.8M $78.8M CVE:NXT
Jan 2008
Renesola(2005, Shanghai)
Manufacturer of efficient lighting and solar products
$106M $770M $930M 277 NYSE:SOL
Jan 2008
Samya Tech(1992, Taoyuan City)
Manufacturer of chargers for consumer electronic products
$4.6M TPE:3465
Dec 2007
Innergex(1990, Longueuil)
Renewable energy based IPP
$259M $259M $218M 93.06 TSE:INE
Nov 2007
Gintech Energy(2005, Miaoli)
Solar Cell manfuacturer
$452M TPE:3514
Oct 2007
Centrotherm(1948, Blaubeuren)
Manufacturer of photovoltaics, semiconductor and microelectronic
production equipments
$1.1B CTN
Solar Energy >Exit Outlook >Public Companies

138. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (9/22)
138
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Jun 2007
Demeter Corporation(1978, Bangkok)
Renewable energy power developer
$6.7M BKK:DCORP
Jun 2007
PV Crystalox Solar(1982, Abingdon)
Poly-crystalline ingots and wafers manufacturer
$559k 3.41 LON:PVCS
Jun 2007
Yingli Solar(1998, Baoding)
Manufactures solar panels
$31.1M $1.4B $1.2B NYSE:YGE
Jun 2007
Vergnet(1989, Ormes)
Renewable Energy developers
EURONEXT:ALV
ER
Jun 2007
LDK Solar(2005, Xinyu)
Manufacturers mono and polycrystalline PV modules and
components.
$2.8B $2.8B $680M NYSE:LDK
May 2007
Websol Energy System(1994, Kolkata)
Manufactures solar cells and solar modules
$21.7M $45.7M 2.74
NSE:WEBELSOL
AR
Mar 2007
BioSolar(2004, Santa Clarita)
Lithium Ion battery component developer
$833k OTCMKTS:BSRC
Feb 2007
JA Solar(2005, Shanghai)
Solar cell and wafer manufacturer
$342M $658M $2.3B 7.17NASDAQ:JASO
Dec 2006
Hanwha Q-Cells(1999, Seoul)
Solar cell and PV module manufacturer
$639M $600M $2.4B NASDAQ:HQCL
Solar Energy >Exit Outlook >Public Companies

139. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (10/22)
139
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Dec 2006
XL Energy(1985, Hyderabad)
Solar module manufacturing and project development
$576k $238k BOM:532788
Nov 2006
Lanco Infratech(1993, Gurgaon)
EPC for power and soalr projects
$35.5M $1.2B $1.2B BOM:532778
Nov 2006
First Solar(1999, Tempe)
Manufactures thin films PV modules
$7.3B $1.4B $3B 23.4NASDAQ:FSLR
Sep 2006
BluGlass(2005, Silverwater)
Semiconductor material for LEDs, Power Electronics and Utility Scale
solar plants
$21.4M $21.4M $2.2M ASX:BLG
Sep 2006
Sunflower(1995, Ramat Gan)
Operator and developer of renewable energy plants
$27.1M 9.27 TLV:SNFL
Aug 2006
Ascent Solar(2005, Thornton)
Produces thin film CIGS solar modules.
OTCQB:ASTI
Jun 2006
Phoenix Solar(1999, Sulzemoos)
Commercial and Utility system integrator.
$147M FRA:PS4
May 2006
Swelect Energy Systems(1984, Chennai)
EPC services for installation of solar farms
$52.8M $43.6M 21.67
NSE:SWELECTE
S
May 2006
Voltalia(2005, Paris)
Independent Renewable energy producer
$422M $422M $88.9M
EURONEXT:VLT
SA
Solar Energy >Exit Outlook >Public Companies

140. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (11/22)
140
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Mar 2006
E-TON Solar(2001, Tainan)
Manufacturer of mono and poly-crystalline solar cells
$121M TPE:3452
Feb 2006
Sunworks(1983, California)
Solar power project developers
$27.1M $86.4M NASDAQ:SUNW
Dec 2005
Suntech Power(2001, Wuxi)
Produces solar panels
$2.2B $2.2B $3.1B NYSE:STP
Dec 2005
Solar Alliance(2003, San Diego)
Solar project developer
$457k SOLR
Aug 2005
Dyesol(2004, Queanbeyan)
Provides materials for producing dye solar cell
$8.7M $8.7M $1.3M ASX:DYE
Mar 2005
Solartron(1986, Bangkok)
Manufactures solar cells and solar modules
$61.1M $61.1M $38.5M BKK:SOLAR
Jan 2005
Meere Company(1984, Hwaseong)
Equipment manufacturer
$66.7M KOSDAQ:49950
Feb 2004
DayStar Technologies(1997, Santa Clara)
Manufacturers CIGS thin films
$17.7M $17.7M NASDAQ:DSTI
Dec 2003
NRG Energy(1989, Princeton)
Energy generation and storage
$10.3B 11.22 NRG
Dec 2003
Renewable Energy Asia(1988, Singapore)
Renewable Energy project development company
SGX:5DW
Solar Energy >Exit Outlook >Public Companies

141. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (12/22)
141
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
May 2003
Atlantic Wind & Solar(1977, Toronto)
Renewable Energy developer
$326k OTCMKTS:AWSL
Jan 2003
NextEra Energy(1925, Juno Beach)
Large Utility with focus on clean energy
$73.7B $16.2B 12.6 NYSE:NEE
Jan 2003
New Sources Energy(1978, Borculo)
Renewable Energy development and investment company
$15.7M AMS:NSE
Jan 2003
International Automated Systems(1987, American Fork)
Developer of solar based power generation systems
$11.5M OTCMKTS:IAUS
Jan 2003
Hanwha Energy Corporation(1952, Seoul)
Business conglomerate in South Korea
$7.7B KOSDAQ:9830
Dec 2002
ReNu Energy(2002, Brisbane)
Cleantech solutions developer
$8M $8M $443k ASX:RNE
Aug 2002
Powercom(1987, Taipei)
Manufacturer of solar modules and solar UPS systems
3043
Jul 2002
Solar Fabrik(1996, Freiburg)
Mono-crystalline and poly-crystalline silicon module manufacturers
ETR:SFX
May 2002
Wafer Works(1997, Taoyuan City)
Manufacturer of silicon wafers
$166M TPE:6182
Solar Energy >Exit Outlook >Public Companies

142. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (13/22)
142
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Feb 2002
Konark group(1979, Mumbai)
Solar and Wind power generation
514128
Jan 2002
Aspen Group(1978, Tel Aviv)
Real estate and solar project developer
$50M 8.73 TLV:ASGR
Oct 2001
StrelingPowergensys(1984, Mumbai)
EPC services for Solar PV Power Projects
$2.6M BOM:513575
Jul 2001
Terna Energy(1997, Athens)
Vertically Integrated Renewable Energy developer
$238M
ATHEX:TENERG
FB1
Jun 2001
EnviroMission(2000, South Melbourne)
Developer of solar tower power station technology
$3.3M $3.3M EVM
Nov 2000
Stone India(1931, Kolkata)
Offers solar, sanitation products along with other interests
$2.9M $10.5M 50.27BOM:522085
Nov 2000
Evergreen Solar(1994, Washington D.C.)
Vertically Integrated solar panel manufacturer
$155M $155M $339M NASDAQ:ESLR
Nov 2000
MRO-TEK(1984, Bangalore)
Manufactures solar UPS and inverters
$5.8M $6.4M NSE:MRO-TEK
Sep 2000
Entegra(1995, Mumbai)
Renewable Energy developer
$13.3M NSE:ENTEGRA
Solar Energy >Exit Outlook >Public Companies

143. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (14/22)
143
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Sep 2000
Tribute Resources(1997, London)
Offers construction and development services for cleantech projects
$693k CVE:TRB
Jul 2000
PARU(1993, Seoul)
Manufacturers of solar trackers
$7M $7M $87.5M KOSDAQ:43200
Jun 2000
NEPC India(1984, Chennai)
Wind turbine manufacturer, Solar rooftop solutions
$1.3M BOM:500301
Apr 2000
Gigastorage(1997, Hsinchu)
Manufacturer of solar modules and solar cells
TPE:2406
Mar 2000
Epic Energy(1991, Mumbai)
Manufacturer and supplier of renewable energy and energy
efficiency products
$937k $3M BOM:530407
Oct 1999
Moser Baer(1983, Delhi)
Manufactures Solar modules and offers solar EPC services
$7.4M $109M 8.06BOM:517140
Mar 1998
Blue Sky Energy(1993, Vista)
Manufacturers of solar charge controllers
CVE:BSI
Dec 1997
Unitech Printed Circuit Board Corp(1984, Taipei)
Manufactures multi-layered and double-sided printed circuit boards
13.22 TPE:2367
Apr 1997
Northland Power(1987, Toronto)
Designs, constructs and operates renewable energy projects
$815M 20.76 TSE:NPI
Solar Energy >Exit Outlook >Public Companies

144. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (15/22)
144
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Aug 1993
Quantum(1975, Adelaide)
Manufacturer of solar heat pumps
ASX:QTM
May 1988
Inter Far East Engineering(1982, Bangkok)
Investor in renewable energy power projects
$32.3k $17.8M BKK:IFEC
Aug 1981
Enbridge(1949, Calgary)
Transportation and distribution of energy
$56.2B $351M $25.6B226.91 NYSE:ENB
May 1980
Kyocera(1959, Horse Shoe)
Manufactures ceramics and electronic products
KVO
Moser Baer Solar(1983, Delhi)
Integrated solar products manfuacturer
Trony Solar(1993, Hong Kong)
Manufactures thin film PV modules
Eguana Technologies(1999, Calgary)
Manufactures inverters and storage devices
$531k CVE:EGT
Entech Solar(1984, Fort Worth)
Designs concentrated PV
NextEra Energy Resources(1985, Juno Beach)
IPP ccompany
Solar Energy >Exit Outlook >Public Companies

145. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (16/22)
145
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Urban Green Energy(2008, New York City)
Distributed solar and wind energy producers
Solaria(2002, Madrid)
Independent power producer
27.35 BME:SLR
SolarWindow Technologies(2009, Columbia)
Power generating paint for windows and glass
REC Solar(1996, Sandvika)
Manufactures Si wafers, PV panels and offers solar solutions
Quantum Materials(2007, San Marcos)
Low cost group II-VI quantum dot technology commercialization
Magnolia Solar(2008, Woburn)
Manufacturing thin film solar cell modules
P2 Solar(2010, Vancouver)
Develops solar and hydro projects
NanoFlex(1994, Medford)
Develops organic PV tecchnology
3Power Energy Group(2002, New York City)
Solar, wind and hydro IPP
ACCIONA(1997, Alcobendas)
Infrastructure and renewable energy solution provider
18 BME:ANA
Solar Energy >Exit Outlook >Public Companies

146. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (17/22)
146
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Tata Power Solar(1989, Bangalore)
Manufacturing of PV modules and solar cells
PowerFilm(1988, Ames)
Thin film solar products
BTU(1950, North Billerica)
Manufacturer and seller of thermal processing equipment
RGS Energy(1978, Louisville)
Offers solar installation services
CSun Solar(2004, Nanjing)
Manufacturer of solar cells and modules
B Grimm Power(1878, Bangkok)
IPP in renewable energy sector
BKK:BGRIM
SolTech Energy(2006, Stockholm)
Manufacturer of Building Integrated Solar Energy Panels
STO:SOLT
Gruppo Green Power(2012, Mirano)
Turnkey energy solutions developer
BIT:GGP
Jiangsu Akcome(2006, Foshan)
Solar power project operator and Balance of System manufacturer
SolarEnergy.com(2013, Gilroy)
Solar yield calculator and identification of installers
Solar Energy >Exit Outlook >Public Companies

147. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (18/22)
147
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Topray Solar(1992, Shenzhen)
Vertically integrated solar manufacturing
Hareon Solar(2004, Jiangyin)
Solar PV manufacturer
Boralex(1982, Kingsey Falls)
Independent Power Producer dedicated to the development and
operation of renewable energy projects
SPCG Public Company(2011, Bangkok)
Solar farm and solar roof developer
BKK:SPCG
Falck Renewables(2010, Sesto San Giovanni)
Designs, constructs and manages energy production facilities
31.68 BIT:FKR
Elverket(1919, Vallentuna)
Offers solar installation for residential rooftop and other services
Surana Ventures(1978, Hyderabad)
EPC company, that Manufactures & Exports Solar PV Modules,
Cypark Resources Berhad(2004, Petaling Jaya)
Turnkey solutions for renewable energy generation and waste &
water treatment
KLSE:CYPARK
ClearVue Technologies(1996, Perth)
Technology for energy generation from clear glass
CPV
Solar Energy >Exit Outlook >Public Companies

148. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (19/22)
148
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Valoe(1978, Mikkeli)
Supplies solar modules manufacturing equipments
$579k HEL:VALOE
XsunX(2003, Aliso Viejo)
Solar canopies and solar financing
Motech Industries(1981, Tainan)
Manufacturer and developer of solar products and solutions
Etrion(2008, Geneva)
Independent Solar power producer
$15M STO:ETX
Shunfeng International Clean Energy(2014, Hong Kong)
Solar energy project developer
Savosolar(2009, Mikkeli)
Solar thermal systems and collectors
$5.7M HEL:SAVOH
ABCO Solar(2008, Tucson)
Residential solar power project installer
Energy Lab(2008, Cividale Del Friuli)
Independent power producer in solar energy and biomass sector
$9.9M BIT:ELAB
China Technology Solar Power(2011, Hong Kong)
Manufacturers of solar powered products and ATM machines
Ultima Networks(2015, Harlow)
Renewable energy project developers
Solar Energy >Exit Outlook >Public Companies

149. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (20/22)
149
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
PV Crystalox(2008, Erfurt)
Manufacturer of polycrstalline silicon wafers
Deli Solar(1983, Beijing)
Solar heater installer for residential users
New Energy Systems Group(2001, New York City)
Solar and energy storage based solution and product developers
Carpevigo(2006, Holzkirch)
Solar PV project developer
Mass Megawatts Wind Power(1997, Worcester)
Developers of renewable energy solutions
EGing PV(2003, Jintan)
Silicon based solar module manufacturer
Power Solution Technologies(2001, Bangkok)
Independant power Producers using renewable sources
BKK:PSTC
Ecosuntek(2008, Gualdo Tadino)
Solar PV installer for commercial buildings and industries
Phoenix Solar(2010, Zurich)
Solar EPC service company
Transeastern(2013, Toronto)
Renewable energy based IPP
$6.5M CVE:TEP.DB
Solar Energy >Exit Outlook >Public Companies

150. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (21/22)
150
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Andalay Solar(2001, Campbell)
Offers easy to install racking systems
Nevo Energy(2011, Cupertino)
Renewable energy project developer
Aega(2013, Oslo)
Independantpower producer
OSE:AEGA
Ralos(2012, Rottweil)
Solar Power plant developers
Hina Film Power(2009, Hong Kong)
Manufacturer of thin film solar modules
China Solar Energy(2006, Hong Kong)
Developers of thin-film solar modules
EEMS(1999, Rieti)
Manufacturer of photovoltaic cells and modules
BIT:EEMS
Gita Renewable Energy(2010, Chennai)
Renewable energy project developer
Sunvalley Solar(2007, Walnut)
Solar system integrator and service company
Go Solar USA(2008, Fremont)
Distributed solar power project installer
Solar Energy >Exit Outlook >Public Companies

151. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Public companies (22/22)
151
Performance indicators of public companies in Solar Energy
IPO DateCompany
Current
MCap
IPO
Mcap
Revenue P/E
Exchange
Ticker
Sunsource(2010, Vadodara)
Wind and Solar power based generation plant developer
Swissinso(2016, Geneva)
Solar research and development company
Green Street Energy(2010, Brooklyn)
Distributed solar power producers
Clean Energy Pathways(2006, New York City)
Energy Efficient products and solution installer
Principal Solar(2010, Dallas)
Solar IPP company
Changzhou Almaden(2006, Changzhou)
Thin film Solar PV panels and Utility scale project developer
Solar Enertech(2008, Mountain View)
Photovoltaic solar energy cell manufacturing company
SOEN
EnlightRenewable Energy(2008, Rosh Haayin)
Renewable Energy based project developer and Independent Power
Producer
$8.7M1352.94 TLV:ENLT
ENCAVIS(2017, Hamburg)
Independent power producer from renewable energy resources
CAP
Solar Energy >Exit Outlook >Public Companies

152. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Notable Acquisitions (1/5)
152
Notable Acquisitions in Solar Energy
Solar Energy >Exit Outlook >Notable Acquisitions
2018 YTD
Acquirer: Greenko Group Deal: $300M
Orange Renewable(2008, Delhi)
Develops and operates renewable energy projects
Acquirer: Hinduja National Power
Deal: $148M
Kiran Energy(2010, Mumbai, $44.4M)
Develops and operates solar farms
Acquirer: Capital DynamicsDeal: $977M
8point3 Energy Partners(2015, San Jose)
Independent solar power producer
Acquirer: Global Infrastructure Partners
Deal: $5B
Equis Energy(2012, Singapore, $185M)
Independent Power Producer of renewable energy
2017
Acquirer: British PetroleumDeal: $200M
Lightsource(2010, London)
Project development and assets management of
solar power plants
Acquirer: ERG Deal: $396M
ForVEI(2011, Milano, $22.2M)
Solar power infrastructure project investor and
operator
Acquirer: Innergex Deal: $1.1B
Alterra Power(2008, Vancouver, $21M)
Renewable energy project developer using multiple
sources of energy
Acquirer: AES Deal: $1.6B
sPower(2012, Salt Lake City)
Owns and develops solar assets
Acquirer: Northern Pacific Group
Deal: $50M
Sungevity(2007, Oakland, $204M)
Offers solar design services, solar lease, home solar
2017
Acquirer: Engie
Compagnie du Vent(1989, Montpellier,
$470M)
Renewable Energy project developer
Acquirer: Brookfield Deal: $1.3B
TerraForm Power(2014, Beltsville)
Owns and operates clean energy assets

153. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Notable Acquisitions (2/5)
153
Notable Acquisitions in Solar Energy
Solar Energy >Exit Outlook >Notable Acquisitions
2016
Acquirer: Cypress Creek Renewables
FLS Energy(2006, Asheville, $30M)
A solar EPC company
Acquirer: Tesla Deal: $2.6B
SolarCity(2006, San Mateo, $1.3B)
Solar Panel Installation and Financing
Acquirer: Crius Energy
Verengo(2008, Torrance, $42.3M)
Residential Solar Integrator
Acquirer: GlobalWafers Deal: $683M
SunEdison Semiconductor(1959, Saint
Peter)
Solutions for Semiconductor industry
Acquirer: Tata Power Deal: $1.4B
Welspun Renewables(1985, Delhi, $215M)
Solar and wind power generation
Acquirer: EDF Renewable Energy
groSolar(1998, White River, $28.6M)
Solar Distribution and Installation
2016
Acquirer: GE Energy Financial Services
Trina Solar(1997, San Jose, $40M)
Manufactures multicrystalline PV modules
2015
Acquirer: Cerberus Capital Management
Deal: $1.1B
Renovalia(2004, Villarrobledo)
Renewable Energy developers
Acquirer: Flextronics Deal: $330M
NEXTracker(2013, Fremont, $42.6M)
Manufactures PV trackers
Acquirer: Engie Deal: $224M
Solairedirect(2006, Paris, $341M)
Solar IPP and EPC company
Acquirer: Ontario Teachers' Pension Plan
BluEarth Renewables(2010, Calgary, $81M)
IPP in wind, solar and hydro-electric segments
Acquirer: Sembcorp Industries
Deal: $168M
Green Infra(2008, Delhi)
Wind and Solar energy producer in India

154. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Notable Acquisitions (3/5)
154
Notable Acquisitions in Solar Energy
Solar Energy >Exit Outlook >Notable Acquisitions
2015
Acquirer: Canadian SolarDeal: $265M
Recurrent Energy(2006, San Francisco, $85M)
Utility-Scale Solar Project Developer
2014
Acquirer: Capital Power Deal: $114M
Element Power(2008, Portland, $183M)
IPP in wind and solar space
Acquirer: SunPower
SolarBridge(2004, Austin, $105M)
Manufactures microinverters
Acquirer: SolarCity Deal: $200M
Silevo(2007, Fremont, $47.1M)
Solar photovoltaic (PV) cell technology innovator
manufacturer
Acquirer: Solvay Deal: $32.6M
Plextronics(2002, Pittsburgh, $53M)
Conductive polymers & inks for electronic printing
Acquirer: Sunrun
Mainstream Energy(2005, San Luis Obispo,
$40M)
Solar Investment Group
2013
Acquirer: Hanergy
Alta Devices(2008, Santa Clara, $72M)
Mobile power technology.
Acquirer: SolarCity Deal: $158M
Zep Solar(2009, San Rafael, $10.6M)
Offers integrated PV mounting systems
Acquirer: sPower
Tioga Energy(2007, San Mateo, $35M)
Solar Independent Power Producer
Acquirer: Air Liquide
Voltaix(1986, Branch, $47M)
Provides material for semiconductor industry
Acquirer: ABB Deal: $1B
Power-One(1973, Camarillo, $60M)
Manufactures electronic equipments
Acquirer: Dow Chemical Company
Nuvosun(2008, Palo Alto, $27.5M)
Solar Cell Production

155. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Notable Acquisitions (4/5)
155
Notable Acquisitions in Solar Energy
Solar Energy >Exit Outlook >Notable Acquisitions
2012
Acquirer: GT Advanced Technologies
Deal: $10M
Twin Creeks Technologies(2007, San
Francisco, $93M)
Developers of manufacturing processes for
crystalline silicon solar wafers
Acquirer: Hanergy Deal: $30M
MiaSole(2001, Santa Clara, $468M)
CIGS PV module manufacturer
Acquirer: Hanwha Group Deal: $50.1M
Q-Cells(2011, Bitterfeld-wolfen, $14.1M)
Solar cells manufacturer
2011
Acquirer: SunPower Deal: $165M
Tenesol(2004, La Tour)
Solar panel manufacturing company
Acquirer: NRG Energy
NRG Solar(2006, Mill Valley, $153M)
Independent solar power producer
Acquirer: DuPont
Innovalight(2002, Sunnyvale, $60M)
Manufactures solar cells using Si ink
Acquirer: Meyer Burger Deal: $516M
Roth and Rau(1991, Hohenstein-ernstthal)
Coating and structuring surfaces for semiconductor
and solar cells
Acquirer: Terra Firma Capital Partners
Deal: $885M
Rete Rinnovabile(2011, Rome)
Generates solar power on a grid-scale
2010
Acquirer: Power-One
Fat Spaniel(2003, San Jose, $28M)
Renewable Energy Monitoring
Acquirer: MEMC Corp CommDeal: $76M
Solaicx(2002, Santa Clara, $94.6M)
Manufactures Si wafers
Acquirer: First Solar Deal: $285M
NextLight Renewable Power(2008, San
Francisco)
Independent solar power producer
Acquirer: SunPower Deal: $277M
SunRay Renewable Energy(2007, Florina)
Independent solar power producer
Acquirer: Areva
Ausra(2000, Mountain View, $126M)
Solar energy technologies

156. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Notable Acquisitions (5/5)
156
Notable Acquisitions in Solar Energy
Solar Energy >Exit Outlook >Notable Acquisitions
2010
Acquirer: GridPoint
Standard Renewable(2006, San Antonio,
$47M)
Offers solar products
2009
Acquirer: Applied Materials
Advent Solar(2002, Albuquerque, $114M)
Silicon PV modules
Acquirer: Siemens Deal: $418M
Solel Solar Systems(1992, Beit Shemesh,
$40M)
Solar EPC services provider
Acquirer: Vattenfall Deal: $10.9B
Nuon(1994, Amsterdam)
Renewable energy project developer

157. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Most Active Acquirers
157
Solar Energy >Exit Outlook >Most Active Acquirers

158. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Date Target
Dec-16 Tamesol Acq by ISG
Nov-16 Skytron Energy Acq by Liberta Partners
Aug-16 Sonnedix Acq by JPMorgan
Aug-16
BrightBox Technologies Acq by
NEXTracker
Aug-16 Belectric Acq by innogy
Aug-16 Martifer Solar Acq by Voltalia
Jul-16 GreenPowerMonitor Acq by DNV GL
Jun-16 Abakus Solar Acq by ENcome
Jun-16 Yerly installations Acq by Eiffage
Jun-16 Enki Tech Acq by First Solar
Apr-16
Unirac Acq by Tenex Capital
Management
Feb-16
Gestamp Renewables Acq by Kohlberg
Kravis Roberts
Feb-16
Nextronex Acq by David Price Metal
Services
Jan-16 Solarrus Acq by Oaktree Capital
Acqui-hires (1/2)
158
List of Acqui-hires in Solar Energy
Excludes all details for Chinese companies
Date Target
May-18 Isolux Corsan Acq by Genneia
May-18
Axis Renewable Group Acq by World
Wind
Apr-18 SolarWorld Industries Acq by SunPower
Apr-18 Concurrent Design Acq by Voltabox
Mar-18 SoCore Energy Acq by ENGIE
Feb-18 Merlin Solar Acq by Ayala
Feb-18
Gildemeister Energy Solutions Acq by
Stina Resources
Feb-18 EdgePower Acq by Just Energy Group
Jan-18 Exosun Acq by ArcelorMittal
Dec-17 Greenskies Acq by Clean Focus
Dec-17 Kipp & Zonen Acq by Hach
Dec-17 REC Solar Acq by Duke Energy
Dec-17
Pattern Recognition Technologies Acq by
Drillinginfo
Nov-17 MPOWERD Acq by The Builders Fund
Date Target
Oct-17 Fenix International Acq by Engie
Oct-17 Emergent Energy Acq by Fedgroup
Sep-17 ZEN Energy Acq by GFG Alliance
Sep-17 SunCool Acq by SaltX Technology
Aug-17
Horizon Solar Power Acq by Solar
Spectrum
Aug-17
ConEnergy Acq by Tennenbaum Capital
Partners
Jun-17 Lumeter Acq by Mobisol
Apr-17 OneShore Acq by BayWa re
Mar-17 Reden Solar Acq by InfraVia
Mar-17 Tindo Solar Acq by Cool or Cosy
Mar-17 SolBright Acq by Arkados Group
Mar-17 Standard Solar Acq by Gaz Métro
Feb-17 Inovus Acq by SolarOne
Jan-17 Ross Solar Acq by ConEdison Solutions
Solar Energy >Exit Outlook >Acqui-hires

159. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Date Target
Feb-14 PVPower Acq by Juhl Energy
Feb-14 Kiwi Solar Acq by Juhl Energy
Feb-14 Aleo solar Acq by Bosch
Jan-14 KDE Energy Acq by YARD ENERGY
Nov-13 NavSemi Energy Acq by Alpha
Nov-13 Greenbotics Acq by SunPower
Oct-13
Zenith Solar Acq by Suncore
Photovoltaics
Aug-13
Sunrise Global Solar Energy Acq by Sino
American Silicon Products
Jul-13 EchoFirst Acq by SunEdison
May-13
DelSolar Acq by Neo Solar Power
Corporation
May-13 CentroSolar Glas Acq by Ducatt
Jan-13 Solar Chile Acq by First Solar
Jan-13 Spot Devices Acq by Carmanah
Jun-12 Cooler Planet Acq by Pure Energies
Acqui-hires (2/2)
159
List of Acqui-hires in Solar Energy
Excludes all details for Chinese companies
Date Target
Jan-16
Lincoln Clean Energy Acq by I Squared
Capital
Dec-15
Azienda Solare Italiana Acq by Quercus
Investment Partners
Dec-15
Solgen Acq by Anchorage Capital
Partners
Nov-15 Cogenra Acq by SunPower
Oct-15 Chromagen Acq by Groupe Atlantic
Sep-15 Blue Oak Energy Acq by Panasonic
Sep-15 Locus Energy Acq by Genscape
Sep-15 ARiES Energy Acq by PHG Energy
Aug-15 Solarion Acq by OC3 AG
Aug-15 Elite Solar Acq by Solar3D
Jun-15 RBI Solar Acq by Gibraltar Industries
Jun-15 Bentek Acq by Fundamental Capital
Apr-15 Contained Energy Acq by Impiro
Apr-15
Fotowatio Renewable Ventures Acq by
Abdul Latif Jameel
Date Target
Mar-15 Solar Grid Storage Acq by SunEdison
Mar-15
Main Street Power Company Acq by AES
Distributed Energy
Jan-15 Sunible Acq by MyDomino
Oct-14 Pure Energies Acq by NRG Energy
Aug-14 Goal Zero Acq by NRG Energy
Aug-14
HHV Solar Technologies Acq by Swelect
Energy Systems
Jul-14 3SUN Acq by Enel
Jul-14 Martifer Solar USA Acq by BayWa re
Jul-14 DFly Systems Acq by SunPower
Jun-14 Renusol Acq by RBI Solar
Jun-14 Solectria Renewables Acq by Yaskawa
Mar-14 Titan Aerospace Acq by Google
Mar-14 Sol Acq by Carmanah
Mar-14 PV Evolution Labs Acq by DNV GL
Solar Energy >Exit Outlook >Acqui-hires
View all 101 Acqui-hired companies on Tracxn Platform

160. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
160
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

161. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Waste & Water Management
May 2018
Geothermal Energy
Apr 2018
Wind Energy
Apr 2018

162. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018162
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Solar Energy >Investors >Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Solar Energy; Last 5 years (Jun 2013 -May 2018)
Index of Most Active VC & PE Investors
SEED STAGE
Acumen (3 Investments)
Gaia Impact Fund (3 Investments)
Infuse Ventures (2 Investments)
Right Side Capital Management (2 Investments)
Northstar Ventures (2 Investments)
Capnova (2 Investments)
FactorEVentures (2 Investments)
ECapital
High-Tech Grunderfonds
Omidyar Network
Partners Group
Energy Access Ventures
Novastar Ventures
FCP Innovation
Royalty North Partners
EARLY STAGE
FMO (3 Investments)
Acumen (3 Investments)
The Ecosystem Integrity Fund (3 Investments)
Prelude Ventures (2 Investments)
Bamboo Capital Partners (2 Investments)
PG Impact Investments (2 Investments)
New Enterprise Associates (2 Investments)
Persistent Energy Capital (2 Investments)
Starquest Capital (2 Investments)
Clean Energy Venture Group (2 Investments)
Investors Circle (2 Investments)
Obvious Ventures
Apollo Investment Corporation
Claremont Creek Ventures
NGEN Partners
LATE STAGE
GE Ventures (3 Investments)
Warburg Pincus (2 Investments)
Hudson Clean Energy Partners (2 Investments)
Riyadh Valley Company (2 Investments)
Energy Access Ventures (2 Investments)
Africinvest (2 Investments)
Triangle Peak Partners
Kohlberg Kravis Roberts
Temasek
Energy Capital Partners
Equis Capital Partners
CPP Investment Board
Capital Stage
Obvious Ventures
Core Innovation Capital

163. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Acumen
163
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Acumen
People
Investments
[Soonicorn] M Kopa (2011, Nairobi, $99.1M, Series D)
Offers solar systems on pay-as-you-go basis
[Minicorn] D.light Design (2007, San Francisco, $43.1M, Series
D)
Manufactures and distributes solar products in villages
[Minicorn] PEG Africa (2013, Accra, $21M, Series B)
Offgrid solar solutions provider for rural areas
Solar Energy Notable Portfolio
[Minicorn] Paga (Lagos, $13M, Series B)
Send and receive cash, pay bills, merchants & buy airtime
[Editor's Pick]Hippocampus (HLC) (2010, Bangalore, $6.2M,
Series A)
Chain of pre-schools in rural areas
[Editor's Pick]EarnUp (2014, San Francisco, $3.3M, Series A)
Online platform for automated loan repayments
[Editor's Pick]Pharmagen (1990, Lahore, $1.5M, Seed)
Manufacturer of APIs
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Jacqueline
Novogratz
Founder & CEO
Geographical Spread Stage of Entry
Dec 2017
M-KOPA connects 100,000 homes to PAYGO Solar TV,
TechMoran
Oct 2017
M-KOPA Solar secures $80million to provide finance for
solar installations in one million homes, Innovation-
village
Aug 2017
Musoni Kenya Disburses Microloans to Fund D.light Solar
Home Systems, MicroCapital
Mar 2017
d.light’s solar home system sells 120,000 units within six
months, PV-Tech
Jan 2017
Two African Solar Startups named in the 2017 Global
Cleantech 100 List, Innov8tiv
Dec 2016
Safaricom, M-Kopa start staff exchange programme,
Telecompaper
Dec 2016
Safaricom to train M-KOPA Solar on technology &
distribution via new exchange programme, TechMoran
Oct 2016
Solar lighting company D.light raises $7.5 million and
reveals plans for a solar-powered TV, VentureBeat
Sep 2016
Looking to leapfrog the power grid, d.light raises $22
million for solar in emerging markets, TechCrunch
None
1
3
1 1
201320142015201620172018
Follow OnNew Investments
1
-
1
4
4
Undisclosed
Series C+
Series B
Series A
Seed2
2
1
1
1
India
Pakistan
Kenya
US
Ghana

164. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Infuse Ventures
164
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Infuse Ventures
People
Investments
[Minicorn] Altizon (2013, Pune, $4.1M, Series A)
Build connected devices and process data at scale
[Minicorn] Karma Recycling (2013, Delhi, $461k, Seed)
Online e-waste recycling and refurbishing service
[Editor's Pick]Ecolibrium Energy (2008, Ahmedabad, $4.8M,
Series A)
Energy Intelligence platform and Customer engagement portal
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Kunal Upadhyay
CEO
Geographical Spread Stage of Entry
Sep 2017
Fourth Partner Energy to build 10MW of rooftop solar for
Indian Railways, PV-Tech
None
1
2
201320142015201620172018
Follow OnNew Investments
2
-
-
1
2
Undisclosed
Series C+
Series B
Series A
Seed5
-
-
-
-
India

165. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Right Side Capital Management
165
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Right Side Capital Management
Investments
[Editor's Pick]Solstice (2014, Boston, $1M, Seed)
Community solar solutions
Solar Energy Notable Portfolio
[Unicorn] Compass (2012, New York City, $743M, Series F)
Technology driven Online brokerage firm
[Soonicorn] ClassPass (2011, New York City, $154M, Series C)
Membership programs for fitness classes across multiple gyms
[Soonicorn] Leanplum (2012, San Francisco, $145M, Series D)
Mobile A/B testing, personalization & analytics platform
[Soonicorn] DataRobot (2012, Boston, $125M, Series C)
Automated machine learning platform for data science applications
[Soonicorn] DigitalOcean (2011, New York City, $124M, Series
B)
Cloud computing platform to build, deploy and scale cloud applications
[Soonicorn] PillPack (2013, Boston, $93.9M, Series D)
Periodic delivery of Medications -Subscription based
[Soonicorn] Threat Stack (2012, Massachusetts, $72.2M, Series
C)
Intrusion detection platform for cloud, hybrid-cloud, and on-premise
environments
[Soonicorn] Distil Networks (2011, Arlington, $65M, Series C)
Content protection network and anti bot solution
[Soonicorn] Synack (2013, Menlo Park, $55.3M, Series C)
Crowdsourced Vulnerability Discovery
[Minicorn] Bluecore (2013, New York City, $63.2M, Series C)
Automated personalized trigger-based email marketing
[Minicorn] Zagster (2007, Boston, $33.6M, Series C)
Bike sharing solutions provider
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
Jan 2018
OffGridBox to win ‘Not Impossible Ignition Award’ from
National Grid, Energy Digital
None
2
201320142015201620172018
Follow OnNew Investments
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed2
-
-
-
-
US

166. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Northstar Ventures
166
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Northstar Ventures

167. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Capnova
167
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Capnova

168. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
FactorEVentures
168
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >FactorEVentures

169. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
ECapital
169
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >ECapital

170. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
High-Tech Grunderfonds
170
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >High-Tech Grunderfonds

171. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Omidyar Network
171
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Omidyar Network

172. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Partners Group
172
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Partners Group

173. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Energy Access Ventures
173
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Energy Access Ventures

174. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Royalty North Partners
174
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Royalty North Partners

175. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
175
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

176. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
FMO
176
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >FMO

177. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Acumen
177
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Acumen

178. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
The Ecosystem Integrity Fund
178
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >The Ecosystem Integrity Fund

179. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Prelude Ventures
179
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Prelude Ventures

180. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Bamboo Capital Partners
180
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Bamboo Capital Partners

181. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
New Enterprise Associates
181
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >New Enterprise Associates

182. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Persistent Energy Capital
182
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Persistent Energy Capital

183. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Starquest Capital
183
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Starquest Capital

184. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Clean Energy Venture Group
184
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Clean Energy Venture Group

185. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Investors Circle
185
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Investors Circle

186. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Obvious Ventures
186
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Obvious Ventures

187. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Apollo Investment Corporation
187
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Apollo Investment Corporation

188. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Claremont Creek Ventures
188
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Claremont Creek Ventures

189. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
NGEN Partners
189
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >NGEN Partners

190. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
190
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

191. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
GE Ventures
191
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >GE Ventures

192. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Warburg Pincus
192
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Warburg Pincus

193. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Hudson Clean Energy Partners
193
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Hudson Clean Energy Partners

194. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Riyadh Valley Company
194
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Riyadh Valley Company

195. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Energy Access Ventures
195
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Energy Access Ventures

196. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Triangle Peak Partners
196
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Triangle Peak Partners

197. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Kohlberg Kravis Roberts
197
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Kohlberg Kravis Roberts

198. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Temasek
198
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Temasek

199. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Energy Capital Partners
199
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Energy Capital Partners

200. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
CPP Investment Board
200
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >CPP Investment Board

201. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Capital Stage
201
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Capital Stage

202. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Obvious Ventures
202
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Obvious Ventures

203. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Core Innovation Capital
203
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Core Innovation Capital

204. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
204
Details on VC & PE Investors
Details on Top Ecosystem Players
Incubators
Other Notable Investors
Debt Investors

205. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018205
Solar Energy >Investors >Index of Ecosystem Investors
Index of Top Ecosystem Investors in Solar Energy; Q2 2013 -Q1 2018
Index of Ecosystem Investors
INCUBATOR
Climate KIC (19 Investments)
Startupbootcamp (6 Investments)
EDP Starter (4 Investments)
Techstars (4 Investments)
Venture Kick (4 Investments)
Village Capital (4 Investments)
Villgro Innovations Foundation (4
Investments)
Y Combinator (4 Investments)
E.ON :agile (3 Investments)
LRM (3 Investments)
Ben Franklin Technology Partners (2
Investments)
Capital Nature (2 Investments)
Clean Energy Trust (2 Investments)
Flat6Labs Cairo (2 Investments)
Horizon GreenTech Ventures (2 Investments)
OTHER NOTABLE INVESTORS
Department of Energy (36 Investments)
IFC (14 Investments)
InnoEnergy (9 Investments)
Engie (8 Investments)
Goldman Sachs (6 Investments)
OPIC (6 Investments)
Australian Renewable Energy Agency (5
Investments)
European Commission (5 Investments)
European Investment Bank (5 Investments)
Rabobank (5 Investments)
Angeleno Group (4 Investments)
ATEL Capital Group (4 Investments)
Bpifrance (4 Investments)
CIT (4 Investments)
Credit Suisse (4 Investments)
DEBT INVESTORS
Hercules Capital (8 Investments)
Western Technology Investment (8
Investments)
Silicon Valley Bank (6 Investments)
Finnfund (2 Investments)
Advantage Capital
Farallon Capital Management

206. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Climate KIC
206
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Climate KIC
People
Investments
[Editor's Pick]Powervault (2012, London, $5.5M, Series A)
Energy storage integrated with solar
[Editor's Pick]Physee (2014, Delft, $1.8M, Series A)
Transparent BIPV solar panels
[Editor's Pick]Suntherm (2014, Hojslev, $740k, Seed)
Solar thermal connected PCM based thermal storage solution
[Editor's Pick]Naked Energy (2009, Crawley, Series B)
Developers of Solar PV+Thermal technology
Solar Energy Notable Portfolio
[Minicorn] Volocopter (2012, Bruchsal, $36.8M, Series A)
Developer of electric helicopters
[Minicorn] Nanomaji (2015, Helsinki, Funded)
Nanotechnology based portable water filter
[Editor's Pick]Lightyear (2016, Eindhoven, $6.1M, Series A)
Solar powered electric car developer
[Editor's Pick]Plume Labs (2014, Paris, $4.5M, Seed)
Develops an air quality monitor and offers a pollution and weather
forecast solution
[Editor's Pick]Ennesys (2010, Nanterre, $427k, Series A)
Waste-to-energy systems powered by micro-algae
[Editor's Pick]Save Innovations (2013, Grenoble, $424k, Seed)
Pico-turbine solution for power generation from flowing water
[Editor's Pick]SMAP energy (2016, London, $290k, Seed)
Smart meter analytics SaaS for energy retailers
[Editor's Pick]RenCat Power (2014, Copenhagen, Seed)
Ammonia to Hydrogen generation technology developer for PEM Fuel
Cell
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Kirsten Dunlop
CEO
Geographical Spread Stage of Entry
Nov 2017
Zolarraises €4 million to make residential solar power
more accessible, Tech.eu
Jul 2017
Powervault to Close Latest Crowdcube Round With More
Than £1.5 Million From Over 1200 Investors, Crowdfund
Insider
Jul 2017
UK Angel Investment Awards: Powervault Wins Best
Angel Crowdfunding Investment, Digital Fineprint Wins
Best Fintech Investment, Crowdfund Insider
Jun 2017
Powervault Surpasses £750,000 Funding Target Through
Latest Crowdcube Campaign , Crowdfund Insider
Jun 2017
Renault looks to drive UK storage boom with second-life
Powervault deal, Energy Storage News
Apr 2017
Tonik, Powervault to trial new smart energy storage tariff
model in UK, Energy Business review
Jul 2016
Chivas Regal’s “The Venture” rewards social
entrepreneurs around the world, TechCrunch
Jun 2015SolandeoRaises Additional Funding, FinSMEs
None
11
3 5
1
201320142015201620172018
Follow OnNew Investments
10
-
-
-
7
Undisclosed
Series C+
Series B
Series A
Seed21
-
-
-
-
Europe

207. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Startupbootcamp
207
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Startupbootcamp
People
Investments
[Minicorn] BondIT (2012, Herzliya, $18.2M, Series B)
Bond portfolio management solution
[Minicorn] BabyScripts (2012, Washington D.C., $11M, Series A)
A clinical, mobile prescription for pregnancy assistance
[Minicorn] Bellabeat (2012, Mountain View, $4.6M, Seed)
Women health & wellness assistance
[Minicorn] Mediconecta (2011, Miami, $4.1M, Seed)
online platform for tele-consultation
[Minicorn] Hijro (2014, Lexington, $2.5M, Seed)
Software platform for cross-border B2B trade
[Minicorn] Epiphyte (2013, London, $70.4k, Seed)
Enterprise software for integrating financial institutions with
cryptofinancial networks.
[Minicorn] Recualizer (2015, Stockholm, Seed)
Platform to evaluate personalities and cultural values
[Minicorn] Monuva (2016, London, Seed)
International payment service.
[Minicorn] Virtual Broker (2015, Sofia, Seed)
Software platform for Insurance brokers and consumers
[Minicorn] Bdeo (2016, Madrid, Funded)
Video communication platform for insurance claims and fraud
management
[Editor's Pick]Relayr (2013, Berlin, $100M, Series C)
Platform for building connected devices
[Editor's Pick]SendCloud (2012, Eindhoven, $8.2M, Series A)
All-in-one Shipping Solution for SMBs
[Editor's Pick]Penta Bank (2016, Berlin, $2.7M, Seed)
Digital banking service for SMEs.
Other Notable Portfolio
Top Exits
Recent News on Fund & Portfolio
Patrick De
Zeeuw
Co-Founder & CEO
Carsten Kolbek
Co-Founder
Alex Farcet
Co-Founder &
Managing Director
Philip Kiracofe
Co-Founder & CEO
Fermin Bueno
Co-Founder &
Managing Partner
Ruud Hendriks
Co Founder
Michael Dooijes
Co-Founder &
Managing Director
Steven Tong
CEO
Geographical Spread Stage of Entry
Sep 2017
Finland’s Tespack raises €2 million for its mobile energy
products, Tech.eu
Apr 2016
Tespack is helping you to keep your mobile devices
powered-up on outdoor getaways, Webrazzi
Apr 2016
Tespack Closes seed round with American/Polish VC
Firm Arkley Fund., Tespack
None
1
2
1 1
201320142015201620172018
Follow OnNew Investments
2
-
-
-
4
Undisclosed
Series C+
Series B
Series A
Seed6
-
-
-
-
Europe

208. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
EDP Starter
208
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn | Twitter
Solar Energy >Investors >EDP Starter
Investments
[Editor's Pick]Enercred (2016, Itajuba, Funded)
Provides a platform which enables exchange of power in the grid
Solar Energy Notable Portfolio
[Minicorn] Feedzai (2009, London, $82M, Series C)
Fraud Prevention Software
[Editor's Pick]GLARTEK (2016, Lisbon, Funded)
IoT platform for visualizing data in real time using AR-enabled apps
and devices.
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
NoneNone
1
201320142015201620172018
Follow OnNew Investments
3
-
-
-
-
Undisclosed
Series C+
Series B
Series A
Seed3
1
-
-
-
Europe
Latam

209. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Techstars
209
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Techstars

210. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Venture Kick
210
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Venture Kick

211. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Village Capital
211
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Village Capital

212. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Villgro Innovations Foundation
212
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Villgro Innovations Foundation

213. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Y Combinator
213
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Y Combinator

214. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
LRM
214
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >LRM

215. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Ben Franklin Technology Partners
215
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Ben Franklin Technology Partners

216. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Capital Nature
216
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Capital Nature

217. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Clean Energy Trust
217
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Clean Energy Trust

218. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Flat6Labs Cairo
218
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Flat6Labs Cairo

219. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
219
Details on VC & PE Investors
Details on Top Ecosystem Players
Incubators
Other Notable Investors
Debt Investors

220. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Department of Energy
220
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Department of Energy

221. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
IFC
221
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >IFC

222. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
InnoEnergy
222
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >InnoEnergy

223. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Engie
223
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Engie

224. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Goldman Sachs
224
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Goldman Sachs

225. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
OPIC
225
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >OPIC

226. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Australian Renewable Energy Agency
226
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Australian Renewable Energy Agency

227. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
European Commission
227
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn | Twitter
Solar Energy >Investors >European Commission

228. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
European Investment Bank
228
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >European Investment Bank

229. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Rabobank
229
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Rabobank

230. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Angeleno Group
230
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Angeleno Group

231. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
ATEL Capital Group
231
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >ATEL Capital Group

232. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Bpifrance
232
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Bpifrance

233. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
CIT
233
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >CIT

234. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Credit Suisse
234
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Credit Suisse

235. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
235
Details on VC & PE Investors
Details on Top Ecosystem Players
Incubators
Other Notable Investors
Debt Investors

236. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Hercules Capital
236
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Hercules Capital

237. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Western Technology Investment
237
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Western Technology Investment

238. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Silicon Valley Bank
238
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Silicon Valley Bank

239. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Finnfund
239
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Finnfund

240. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Advantage Capital
240
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Advantage Capital

241. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Farallon Capital Management
241
Portfolio in Solar Energy| Exits| Funds Link| Website| LinkedIn| Twitter
Solar Energy >Investors >Farallon Capital Management

242. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
242
Recent News

243. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Waste & Water Management
May 2018
VR Gaming
May 2018
Nutraceuticals
May 2018

244. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Recent News in Solar Energy Sector
Recent News (1/2)
244
Solar Energy >News >Recent News
Jun 2018
Israel's Enlight in talks to buy 300 MW wind farm in Europe,
Indiatimes
Jun 2018
Enphase Energy adds former Tesla exec Branderiz as new CFO,
Seeking Alpha
Jun 2018
Greenko Group buys Orange Renewable at billion-dollar valuation,
Livemint
Jun 2018
Moody’s upgrades Atlantica Yield’s Credit Rating to Ba3 with
Positive Outlook, Financial IT
Jun 2018Scatec wants to double size of project pipeline, PV Magazine
Jun 2018
Etrion Corporation Closes Books on Corporate Bond Refinancing,
GlobeNewswire
Jun 2018
8minutenergy and NV Energy to build 300MW Nevada solar project
on tribal land, PV-Tech
Jun 2018Soltec to supply 90MW of solar trackers to Mexico, PV-Tech
Jun 2018
Sympa Solar Power Signs PPA for 8MWac Solar PV Power Plant in
Bangladesh, AsiaBizNews
Jun 2018
New Research Coverage Highlights JA Solar Holdings, Co., California
Water Service Group Holding, Lazard, KNOT Offshore Partners LP,
Essent Group, and Toyota Motor —Consolidated Revenues,
Company Growth, and Expectations for 2018, GlobeNewswire
May 2018Imec and Arm develop ultra-low-power radio, Electronics Weekly
May 2018
PowerOptions, SunPower Offer Cutting-Edge Solar-Plus-Storage
Program Bringing Savings and Opportunity to Nonprofits, Public
Entities, PR Newswire
Key Recent News Key Recent News
May 2018
NextEra Energy recognized by U.S. Department of Defense for its
commitment to supporting National Guard and Reserve employees,
PR Newswire
May 2018
Vikram Solar commissions 10 MW solar project in Itarsi,
Moneycontrol
May 2018
Greenskies Energizes 1.1 MW Solar Array On Top Of Amazon
Facility In North Las Vegas, NV, PR Newswire
May 2018
Max Keiser and Stacy Herbert join blockchain startup Sun Exchange
as advisors, EconoTimes
May 2018
Entergy, NextEra Energy commission Stuttgart Solar Energy Centre
in US, Power Technology
May 2018Rooftop solar firm Sunshot to raise $8 mn, The Hindu
May 2018
Suntech supplying 1500V solar modules to a 116MW power plant
project in Egypt, PV-Tech
May 2018
Azure bags US$135 million financing for 200MW of Indian rooftop
solar projects, PV-Tech
May 2018Sun Exchange starts powering SA’s plastics industry, Disrupt Africa
May 2018
Blockchain Power Trust Reports First Quarter 2018 Results,
GlobeNewswire
May 2018
OPG Power Ventures Non-Executive Director Ravi Gupta Steps
Down, London South East
May 2018Tigo introduces Masterpass service in Tanzania, Verdict
May 2018XsunX Marketing Efforts Delivering Sales Results, NewMediaWire

245. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Recent News in Solar Energy Sector
Recent News (2/2)
245
Solar Energy >News >Recent News
May 2018
Siemens to provide electric propulsion motor for Bye Aerospace’s
Sun Flyer 2, InnovatioNews
May 2018New solar facility planned for Aiken County, SC Biz News
May 2018
Eguana Announces 2nd Fiscal 2018 Quarter Financial Results and
Provides 2018 Outlook, GlobeNewswire
May 2018
JinkoSolar reveals all-new 410W Cheetah Series at SNEC 2018,
erecting new standard in ultra high performance modules, PV
Magazine
May 2018
Borrego Solar Systems Increases California Commercial Solar
Market Share and Capacity Installed in 2017, GlobeNewswire
May 2018NextEra shines in Arkansas, ReNEWS
May 2018
ReNew focusing on potential acquisitions after launching IPO in
April, Business Standard
May 2018
Nines Photovoltaics secures €3m investment from InnoEnergy, PV
Magazine
May 2018
Hanwha Q CELLS to build new US factory in excess of 1.6GW, PV-
Tech
May 2018
VivoPower International to sell minority interests in PV project
portfolio in North Carolina, PV-Tech
May 2018
TerraForm Power hikes stock offering by 50% to $600M, Seeking
Alpha
May 2018
Savosolar's project is proceeding in France -newHeat SAS has paid
a significant amount to start the work, GlobeNewswire
Key Recent News Key Recent News
May 2018
SPI Energy Co., Ltd. Announces Receipt of Delinquency Notice From
NASDAQ, GlobeNewswire
May 2018
Global Advanced Ceramics Market 2018 –Kyocera, Ceramtec,
Coorstek, Saint-Gobain Ceramic Materials, Talk Daily News
May 2018
Partners Group, CWP Renewables to deploy 1.3 GW of PV, wind and
storage in Australia, PV Magazine
May 2018
Large Tesla Powerpack project is quietly deployed without logos at
new solar project in Arizona, Electrek
May 2018
Imec demonstrates cost-effective cooling solution for high
performance chips, New Electronics
May 2018Suntech to supply 304MW of solar modules to Voltalia, PV-Tech
May 2018
IBC SOLAR PV System Improves Living Conditions in Fishermen’s
Village in Southern Morocco, PR Newswire
May 2018
Global Electrical Switchgear Market Outlook 2018-2022: Ingeteam,
LucyElectric, SchneiderElectric, Eaton, BrayanGroup, Talk Daily News
May 2018Russian region of Kalmykia to host 75 MW of solar, PV Magazine
May 2018Amaranto holding buys Silver Ridge Italia solar plants, BeBeez
May 2018
Enerray and Suntech ink contract for supply of 116 MW of modules
for Benban, PV Magazine
May 2018
Global Transparent Electrode Market Outlook 2018-2022: Agfa,
PolyIC, Dyesol, Sefar, Oike, Talk Daily News
May 2018AI Chip Tests Binary Approach, EE times

246. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
246
Explore more on Tracxn Platform
Index of Top companies by Market
Funded DeadpooledCompanies

247. Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Waste & Water Management
May 2018
Geothermal Energy
Apr 2018
Wind Energy
Apr 2018

248. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Explore more on Tracxn Platform
248
Companies
Companies Covered
Unicorns
Public Companies
Acquired Companies
Funded Companies
Investment Trends
Recent Investments
Mega Investments
Investment Trend
Markets
BlueBox
Taxonomy
News
Key News
Recent News
Company Stage
Angel Funded
Seed Funded
Early Stage (Series A/B)
Late Stage (Series C+)
Acqui-hires
DeadPooled
Investors Acquirers
Unicorn Investors
Most Active Investors
Most Active VC &PE Investors
Portfolio of Top Investor
Most Active Acquirer
Solar Energy >Appendix >Explore Sector on Tracxn Platform

249. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (1/45)
249
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
SunPower (1985, Athens, $1.7B)
Manufactures Si cells
Unicorn. Stage: Series B
Department of Energy, Total, Hannon Armstrong
and 2 Other Investors
MiaSole (2001, Santa Clara, $468M)
CIGS PV module manufacturer
Soonicorn. Stage: Acquired
Passport Capital, Firelake Capital, VantagePoint
Capital Partners and 10 Other Investors
Silicor Materials (2006, San Jose, $357M)
Producer of silicon for the manufacture of solar
photovoltaic (PV) cells
Soonicorn. Stage: Series E
Hudson Clean Energy Partners, Pension Funds
Online, Advanced Technology Ventures and 2 Other
Investors
Generation Equipment
SoloPower (2005, San Jose, $228M)
Manufactures thin-film photovoltaic cells
Soonicorn. Stage: Series E
Crosslink Capital, Convexa, Firsthand Funds and 10
Other Investors
Solaria (1993, Fremont, $212M)
Manufactures cells and modules
Soonicorn. Stage: Series D
Presidio Partners, Kline Hill Partners LLC US,
Structural Capital and 13 Other Investors
HelioVolt (2001, Austin, $194M)
Manufactures thin film PV modules
Editor's Pick. Stage: Series C
Skh Group Inc, New Enterprise Associates, Masdar
Clean Tech Fund and 6 Other Investors
Generation Equipment
Ausra (2000, Mountain View, $126M)
Solar energy technologies
Stage: Acquired
KPCB, Khosla Ventures, Generation Investment
Management and 3 Other Investors
Sivapower (2006, Santa Clara, $125M)
Manufactures thin films solar panels
Soonicorn. Stage: Series D
DBL Partners, Acero Capital, Department of Energy
and 6 Other Investors
Heliatek (2006, Dresden, $117M)
Manufactures organic solar films.
Soonicorn. Stage: Series D
Aqton, BASF, BNP Paribas and 14 Other Investors

250. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (2/45)
250
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Advent Solar (2002, Albuquerque, $114M)
Silicon PV modules
Stage: Acquired
Ventures, Battery Ventures, EnerTech Capital and 9
Other Investors
EnviroMission (2000, South Melbourne, $110M)
Developer of solar tower power station technology
IPO Date Jun 2001 Mcap $3.3M
IPO Mcap $3.3M
ASX EVM P/E -
1366 Technologies (2007, Bedford, $102M)
Kerfless wafer technology based manufacturers of
silicon wafers
Soonicorn. Stage: Series C
Wacker Chemie, Hanwha Investment, Haiyin
Capital and 9 Other Investors
Generation Equipment
Oxford Photovoltaics (2010, Oxford, $100M)
Develops perovskite solar cells
Soonicorn. Stage: Series D
Statoil, Legal & General Capital, European
Investment Bank and 6 Other Investors
Solaicx (2002, Santa Clara, $94.6M)
Manufactures Si wafers
Stage: Acquired
Applied Materials, The D E Shaw, Mitsui Global and
4 Other Investors
Twin Creeks Technologies (2007, San
Francisco, $93M)
Developers of manufacturing processes for
crystalline silicon solar wafers
Stage: Acquired
DAG Ventures, Benchmark Capital, Crosslink
Capital and 1 Other Investors
Generation Equipment
Moser Baer Solar (1983, Delhi, $92.5M)
Integrated solar products manfuacturer
IPO Date - Mcap -
IPO Mcap -
- - P/E -
GlassPoint (2008, Fremont, $86M)
Solar steam generators for enhanced oil recovery
Minicorn. Stage: Series C
RockPort Capital, Nth Power, Chrysalix Venture
Capital and 4 Other Investors
Alta Devices (2008, Santa Clara, $72M)
Mobile power technology.
Minicorn. Stage: Acquired
August Capital, KPCB, Crosslink Capital and 7 Other
Investors

251. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (3/45)
251
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Silicon Genesis (1997, San Jose, $72M)
Technology for developing thin film C-Si solar cells
without sawing a silicon ingot
Editor's Pick. Stage: Series D
H&Q Asia Pacific, Lake Street Capital, Riverside
Management Group and 4 Other Investors
Innovalight (2002, Sunnyvale, $60M)
Manufactures solar cells using Si ink
Stage: Acquired
Department of Energy, EDBI, Apax Partners and 10
Other Investors
Flisom (2005, Zurich, $59.8M)
Manufactures CIGS thin films photovoltaics
Editor's Pick. Stage: Series D
Tata Group
Generation Equipment
Plextronics (2002, Pittsburgh, $53M)
Conductive polymers & inks for electronic printing
Stage: Acquired
Solvay, Applied Materials, Firelake Capital and 7
Other Investors
Solar Junction (2007, San Jose, $49.2M)
Manufactures multi-junction solar cells
Editor's Pick. Stage: Series D
New Enterprise Associates, Advanced Technology
Ventures, DFJ and 1 Other Investors
Silevo (2007, Fremont, $47.1M)
Solar photovoltaic (PV) cell technology innovator
manufacturer
Editor's Pick. Stage: Acquired
Department of Energy, GSR Ventures, DT Capital
Partners
Generation Equipment
Voltaix (1986, Branch, $47M)
Provides material for semiconductor industry
Stage: Acquired
Samsung Venture Investment, MissionPoint
Partners, Novus Ventures and 1 Other Investors
Trina Solar (1997, San Jose, $40M)
Manufactures multicrystalline PV modules
Soonicorn. Stage: Acquired
Merrill Lynch, Milestone Capital, Good Energies
Investments and 1 Other Investors
Nuvosun (2008, Palo Alto, $27.5M)
Solar Cell Production
Stage: Acquired
Dow Chemical Company
Crystal Solar (2008, Santa Clara, $25M)
Kerfless wafer technology developer
Editor's Pick. Stage: Series B
Hanwha Group, Oceanshore Ventures

252. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (4/45)
252
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
STR Solar (1944, Enfield, $21.7M)
Manufacturing solar panel encapsulators
IPO Date Nov 2009 Mcap $4.5M
IPO Mcap -
OTCMKTS STRI P/E -
TVP Solar (2008, Geneva, $19M)
Manufactures high temperature to low temperature
solar thermal products
Editor's Pick. Stage: Series B
Fongit
Q-Cells (2011, Bitterfeld-wolfen, $14.1M)
Solar cells manufacturer
Soonicorn. Stage: Acquired
Apax Partners, IBG Beteiligungsgesellschaft
Sachsen-Anhalt, Global Cleantech Capital
Generation Equipment
HHV Solar Technologies (2008, Bangalore,
$13.9M)
Manufacturer of PV modules
Editor's Pick. Stage: Acquired
Swelect Energy Systems, SIDBI Venture Capital,
Norfund
Confluence Solar (2006, Hazelwood, $12.7M)
Offers single crystal subtrates for solar
Editor's Pick. Stage: Acquired
Convexa, Scatec, Oceanshore Ventures
Entech Solar (1984, Fort Worth, $12M)
Designs concentrated PV
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Prism Solar (2004, Highland, $11.5M)
Bifacial PV Manufacturer
Editor's Pick. Stage: Series B
I2BF Global Ventures
Generation Equipment
Canadian Solar (2001, Guelph, $10M)
Vertically integrated solar product manufacturer
and project developer
Soonicorn. Stage: Funded
Shinsei Bank, The Bank of Tokyo-Mitsubishi UFJ,
Clean Energy Finance Corporation and 9 Other
Investors
SolarWindow Technologies (2009,
Columbia, $8M)
Power generating paint for windows and glass
IPO Date - Mcap -
IPO Mcap -
- - P/E -
S'Tile (2007, Poitiers, $6.5M)
Innovative PV cell manufacturing solution
Editor's Pick. Stage: Series B
Sergies, Emertec Gestion, Ecm Technologies
Industrial Furnaces and 4 Other Investors

253. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (5/45)
253
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Edisun (2016, Pasadena, $6.5M)
Develops technology in the concentrated solar
power segment
Editor's Pick. Stage: Series A
Altpoint Capital, Revolution, Kima Ventures and 1
Other Investors
Aqylon (2009, Paris, $5.4M)
Manufacturer of Organic Rankine Cycle turbines
Editor's Pick. Stage: Series A
Starquest Capital
Brisbane Materials (2005, Darra, $5.2M)
Anti reflective and anti soiling coatings.
Editor's Pick. Stage: Series B
Norwest Venture Partners, Southern Cross Venture
Partners, SB China Capital and 2 Other Investors
Generation Equipment
OPUS Materials Technologies (2014,
Cambridge, $4.1M)
Manufacturer of nano technology coatings for
renewable energy products
Editor's Pick. Stage: Series A
UK Government
Rayton Solar (2013, Los Angeles, $3.8M)
Develops a cheap solar PV fabrication technology.
Editor's Pick. Stage: Seed
NanoFlex Power (1994, Phoenix, $3.4M)
Develops solar organic solar PV
IPO Date Jul 2015 Mcap $15.8M
IPO Mcap -
OTCMKTS OPVS P/E -
REhnu (2015, Tucson, $3.3M)
TPV technology developer with option to harvest
both power and thermal heat
Editor's Pick. Stage: Series A
Department of Energy, Desert Angels
Generation Equipment
Insolight (2015, Lausanne, $2.7M)
High efficiency CPV solar cells developer
Editor's Pick. Stage: Seed
Investiere, Venture Kick
Columbus Photovoltaics (2011, Rego Park,
$2.6M)
Develops solar cells using semiconductors other
than Si
Editor's Pick. Stage: Series A
Enermont (1991, Gyeongju, $2.1M)
Manufactures thermal cooling back-sheet for PV
modules
Editor's Pick. Stage: Series B
JAFCO Asia, SoftBank Ventures Korea
Physee (2014, Delft, $1.8M)
Transparent BIPV solar panels
Editor's Pick. Stage: Series A
Daan Van der Vorm, Coen van Oostrom, Job Dura
and 3 Other Investors

254. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (6/45)
254
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Picasolar (2013, Fayetteville, $1.3M)
Technology developer for solar cell efficiency
improvement
Editor's Pick. Stage: Seed
Arkansas Development Finance Authority,
Department of Energy
Suntherm (2014, Hojslev, $740k)
Solar thermal connected PCM based thermal
storage solution
Editor's Pick. Stage: Seed
Markedsmodningsfonden, Climate KIC, Borean
Innovation
Novatec Solar (2006, Karlsruhe)
Provider of solar boilers based on linear Fresnel
collector technology
Editor's Pick. Stage: Series A
ABB
Generation Equipment
Aleo solar (2001, Prenzlau)
Manufactures solar PV modules
Editor's Pick. Stage: Acquired
Hannover Finanz
ClearVue Technologies (1996, Perth)
Technology for energy generation from clear glass
IPO Date - Mcap -
IPO Mcap -
- CPV P/E -
EcoSolifer (2010, Budapest)
Thin film solar cell manufacturer
Editor's Pick. Stage: Unfunded
Ferroglobe (2015, London)
Producer of silicon metal and alloys
Editor's Pick. Stage: Funded
Cartesian Capital Group
Generation Equipment
First Solar (1999, Tempe)
Manufactures thin films PV modules
IPO Date Nov 2006 Mcap $7.3B
IPO Mcap $1.4B
NASDAQ FSLR P/E 23.4
Flexwave (2014, Zhubei)
Transparent and flexible solar modules for BIPV
and IoT applications
Editor's Pick. Stage: Seed
Gasp Solar (2013, Copenhagen)
High efficiency solar panel using nanowire solar
cells
Editor's Pick. Stage: Funded
GCell (2012, Newport)
Developers of Dye Sensitized Solar Cells
Editor's Pick. Stage: Unfunded

255. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (7/45)
255
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Hanwha Q-Cells (1999, Seoul)
Solar cell and PV module manufacturer
IPO Date Dec 2006 Mcap $639M
IPO Mcap $600M
NASDAQ HQCL P/E -
Heliostat (2016, Adelaide)
Concentrated solar power technology provider
Editor's Pick. Stage: Funded
Fusion
Heliotrop (2011, Lyon)
Manufacturers of high concentration photovoltaic
systems
Editor's Pick. Stage: Funded
Heliovis (2009, Wiener Neudorf)
Concentrated solar thermal technology developer
Editor's Pick. Stage: Series C
Florian Steinhart, Kinsky Philipp, European
Commission
Generation Equipment
International Automated Systems (1987,
American Fork)
Developer of solar based power generation systems
IPO Date Jan 2003 Mcap $11.5M
IPO Mcap -
OTCMKTS IAUS P/E -
Kyocera (1959, Horse Shoe)
Manufactures ceramics and electronic products
IPO Date May 1980 Mcap -
IPO Mcap -
- KVO P/E -
Kyocera Solar (1978, Kyoto)
Solar modules and photovoltaic systems
Editor's Pick. Stage: Unfunded
MH GoPower (2008, Kaohsiung City)
Manufacturers of VMJ PV cell
IPO Date Apr 2013 Mcap -
IPO Mcap -
TPE 6424 P/E -
Generation Equipment
Monocrystal (1999, Stavropol)
Manufactures sapphire based substrates and
metallization pastes for solar cells
Editor's Pick. Stage: Unfunded
Moser Baer (1983, Delhi)
Manufactures Solar modules and offers solar EPC
services
IPO Date Oct 1999 Mcap $7.4M
IPO Mcap -
BOM 517140 P/E 8.06
Naked Energy (2009, Crawley)
Developers of Solar PV+Thermal technology
Editor's Pick. Stage: Series B
Climate KIC, UK Government, Greenbackers
Investment Capital
Natcore (2007, Red Bank)
Thin Film Silicon Dioxide
IPO Date Mar 2008 Mcap $78.8M
IPO Mcap $78.8M
CVE NXT P/E -

256. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (8/45)
256
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Onyx Solar (2009, Avila)
Manufactures BIPV solar panels
Editor's Pick. Stage: Funded
JME Venture Capital
PowerWindow (2014, Delft)
Solar energy harvesting windows developer
Editor's Pick. Stage: Unfunded
SBotic (2014, Barcelona)
BIPV solar panels developers
Editor's Pick. Stage: Unfunded
Solarmer (2006, El Monte)
Organic PV cell developer
Editor's Pick. Stage: Unfunded
Sol-Around (2015, Jerusalem)
Manufactures bifacial PERT solar cells
Editor's Pick. Stage: Seed
Terra Venture Partners
Generation Equipment
Solaxess (2015, Neuchatel)
Nanotechnology based film for different surface
colours in PV modules
Editor's Pick. Stage: Unfunded
Solera Laboratories (2006, Sunnyvale)
Developer of IRPH based solar cells
Editor's Pick. Stage: Unfunded
Solergy (2007, Rome)
Manufacturers of PVT CPV solar panels
Editor's Pick. Stage: Unfunded
Sphelar Power (2012, Kyoto)
Manufacturing and Designing of spherical shaped
solar cells unlike flat panels
Editor's Pick. Stage: Unfunded
SunPower (2007, Solihull)
Manufactures high efficiency silicon solar cells
Editor's Pick. Stage: Funded
Investec
Generation Equipment
Tata Power Solar (1989, Bangalore)
Manufacturing of PV modules and solar cells
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Tesla Energy (2015, San Francisco)
Energy Storage and Solar roof developers
Editor's Pick. Stage: Unfunded
WattGlass (2014, Fayetteville)
Proprietary Nanoparticle based glass coating
Editor's Pick. Stage: Series A
Royal DSM, National Science Foundation
Wellsun (2013, Delft)
Developer of BIPV technology
Editor's Pick. Stage: Unfunded

257. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (9/45)
257
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Abengoa (1941, Seville)
Horizontally integrated company in energy and
water and waste management segment.
IPO Date Oct 2013 Mcap -
IPO Mcap -
BME ABG.P P/E -
Anji Technology (2007, Tainan)
Solar panel manufacturer
IPO Date Jun 2016 Mcap -
IPO Mcap -
TPE 6477 P/E 28.06
Ascent Solar (2005, Thornton)
Produces thin film CIGS solar modules.
IPO Date Aug 2006 Mcap -
IPO Mcap -
OTCQB ASTI P/E -
Generation Equipment
BluGlass (2005, Silverwater)
Semiconductor material for LEDs, Power
Electronics and Utility Scale solar plants
IPO Date Sep 2006 Mcap $21.4M
IPO Mcap $21.4M
ASX BLG P/E -
Dyesol (2004, Queanbeyan)
Provides materials for producing dye solar cell
IPO Date Aug 2005 Mcap $8.7M
IPO Mcap $8.7M
ASX DYE P/E -
EEMS (1999, Rieti)
Manufacturer of photovoltaic cells and modules
IPO Date - Mcap -
IPO Mcap -
BIT EEMS P/E -
Generation Equipment
E-TON Solar (2001, Tainan)
Manufacturer of mono and poly-crystalline solar
cells
IPO Date Mar 2006 Mcap -
IPO Mcap -
TPE 3452 P/E -
Euro Multivision (2004, Mumbai)
Manufacturer and trader of solar PV components
IPO Date Oct 2009 Mcap -
IPO Mcap -
- 533109 P/E -
Eversol (2007, Taipei)
Manufacturer of multi-crystalline solar wafers
IPO Date Sep 2008 Mcap -
IPO Mcap -
TPE 3647 P/E -

258. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (10/45)
258
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Gigastorage (1997, Hsinchu)
Manufacturer of solar modules and solar cells
IPO Date Apr 2000 Mcap -
IPO Mcap -
TPE 2406 P/E -
Gintech Energy (2005, Miaoli)
Solar Cell manfuacturer
IPO Date Nov 2007 Mcap -
IPO Mcap -
TPE 3514 P/E -
Hanwha Energy Corporation (1952, Seoul)
Business conglomerate in South Korea
IPO Date Jan 2003 Mcap -
IPO Mcap -
KOSDAQ 9830 P/E -
Indosolar (2008, Noida)
Manufacturer of Solar cells
IPO Date Sep 2010 Mcap $32.4M
IPO Mcap $216M
BOM 533257 P/E 3.88
Generation Equipment
JSPV (2008, Asan)
Manufacturer of solar cells and modules
IPO Date Aug 2016 Mcap -
IPO Mcap -
KOSDAQ 250300 P/E -
Magnolia Solar (2008, Woburn)
Manufacturing thin film solar cell modules
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Motech Industries (1981, Tainan)
Manufacturer and developer of solar products and
solutions
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Generation Equipment
Nanoco Group (2001, Manchester)
Provides display technology solutions based on
Cadmium-free Quantum Dots
IPO Date May 2015 Mcap $383M
IPO Mcap $383M
LON NANO P/E -
NanoFlex (1994, Medford)
Develops organic PV tecchnology
IPO Date - Mcap -
IPO Mcap -
- - P/E -
NEPC India (1984, Chennai)
Wind turbine manufacturer, Solar rooftop solutions
IPO Date Jun 2000 Mcap $1.3M
IPO Mcap -
BOM 500301 P/E -

259. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (11/45)
259
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Powercom (1987, Taipei)
Manufacturer of solar modules and solar UPS
systems
IPO Date Aug 2002 Mcap -
IPO Mcap -
- 3043 P/E -
PV Crystalox (2008, Erfurt)
Manufacturer of polycrstalline silicon wafers
IPO Date - Mcap -
IPO Mcap -
- - P/E -
PV Crystalox Solar (1982, Abingdon)
Poly-crystalline ingots and wafers manufacturer
IPO Date Jun 2007 Mcap $559k
IPO Mcap -
LON PVCS P/E 3.41
Generation Equipment
Quantum Materials (2007, San Marcos)
Low cost group II-VI quantum dot technology
commercialization
IPO Date - Mcap -
IPO Mcap -
- - P/E -
REC Solar (1996, Sandvika)
Manufactures Si wafers, PV panels and offers solar
solutions
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Savosolar (2009, Mikkeli)
Solar thermal systems and collectors
IPO Date - Mcap -
IPO Mcap -
HEL SAVOH P/E -
Generation Equipment
SDN Company (1994, Seongnam-si)
Manufacturing and installation of solar panel
systems
IPO Date May 2009 Mcap $79.3M
IPO Mcap $79.3M
KOSDAQ 99220 P/E -
Solar Fabrik (1996, Freiburg)
Mono-crystalline and poly-crystalline silicon
module manufacturers
IPO Date Jul 2002 Mcap -
IPO Mcap -
ETR SFX P/E -
Solartron (1986, Bangkok)
Manufactures solar cells and solar modules
IPO Date Mar 2005 Mcap $61.1M
IPO Mcap $61.1M
BKK SOLAR P/E -

260. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (12/45)
260
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
SolTech Energy (2006, Stockholm)
Manufacturer of Building Integrated Solar Energy
Panels
IPO Date - Mcap -
IPO Mcap -
STO SOLT P/E -
Sunlux Energy (2011, Taipei)
Manufactures silicon solar materials
IPO Date Nov 2014 Mcap -
IPO Mcap -
TPE 6490 P/E -
Surana Ventures (1978, Hyderabad)
EPC company, that Manufactures & Exports Solar
PV Modules,
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Generation Equipment
Swissinso (2016, Geneva)
Solar research and development company
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Tynsolar (2006, Hsinchu)
Manufacturer of PV modules
IPO Date Jun 2008 Mcap -
IPO Mcap -
TPE 3562 P/E -
Unitech Printed Circuit Board Corp (1984,
Taipei)
Manufactures multi-layered and double-sided
printed circuit boards
IPO Date Dec 1997Mcap -
IPO Mcap -
TPE 2367 P/E 13.22
Generation Equipment
Websol Energy System (1994, Kolkata)
Manufactures solar cells and solar modules
IPO Date May 2007 Mcap $21.7M
IPO Mcap -
NSE WEBELSOLAR P/E
2.74
Win Win Precision Technology (2003,
Hsinchu)
Manufacturer and distributor of solar PV modules
IPO Date Jun 2010 Mcap -
IPO Mcap -
TPE 4949 P/E -
XL Energy (1985, Hyderabad)
Solar module manufacturing and project
development
IPO Date Dec 2006Mcap $576k
IPO Mcap -
BOM 532788 P/E -

261. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (13/45)
261
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Generation Equipment
Solartech Energy (2005, Taipei)
Manufacturers of solar modules
IPO Date Dec 2008 Mcap -
IPO Mcap -
TPE 3561 P/E -
Wafer Works (1997, Taoyuan City)
Manufacturer of silicon wafers
IPO Date May 2002 Mcap -
IPO Mcap -
TPE 6182 P/E -
Ablytek (2006, Pingtung)
Makes BIPV, rooftiles, shingles etc
IPO Date Jan 2016 Mcap -
IPO Mcap -
TPE 6511 P/E -
Neo Solar Power (2005, Hsinchu)
SolarPV cell and module manufacturer
IPO Date Jan 2009 Mcap -
IPO Mcap -
TPE 3576 P/E -
Generation Equipment
PowerFilm (1988, Ames)
Thin film solar products
IPO Date - Mcap -
IPO Mcap -
- - P/E -
SunEdison Semiconductor (1959, Saint Peter)
Solutions for Semiconductor industry
Stage: Acquired
Sunvalley Solar (2007, Walnut)
Solar system integrator and service company
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Tenesol (2004, La Tour)
Solar panel manufacturing company
Stage: Acquired
Balance of Systems
Sonnen (2010, Wildpoldsried, $168M)
Energy storage system providers
Soonicorn. Stage: Series D
Shell Global, Envision Energy, GE Ventures and 4
Other Investors
Tigo (2007, Sebastopol, $132M)
Installations of smart PV modules
Soonicorn. Stage: Series F
SMA Solar Technology, Generation Investment
Management, Clal Industries and 8 Other Investors
Enphase Energy (2006, Petaluma, $127M)
Manufactures micro-inverters
IPO Date Mar 2012 Mcap $512M
IPO Mcap $236M
NASDAQ ENPH P/E 63.82

262. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (14/45)
262
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Balance of Systems
SolarBridge (2004, Austin, $105M)
Manufactures microinverters
Soonicorn. Stage: Acquired
Constellation Ventures, J F Shea Company, Rho
Ventures and 8 Other Investors
SolarEdge (2006, Hod Hasharon, $96.8M)
Solar Photovoltaic Power Electronics
IPO Date Mar 2015 Mcap $3B
IPO Mcap $685M
NASDAQ SEDG P/E 24.71
Power-One (1973, Camarillo, $60M)
Manufactures electronic equipments
Soonicorn. Stage: Acquired
Silver Lake, NGP Energy Technology Partners, The
Stephens Group
Balance of Systems
Sunverge Energy (2009, San Francisco, $53.5M)
Offers smart energy storage systems
Soonicorn. Stage: Series C
AGL Energy, Australian Renewable Energy Agency,
SB China Capital and 3 Other Investors
NEXTracker (2013, Fremont, $42.6M)
Manufactures PV trackers
Stage: Acquired
SJF Ventures, Tennenbaum Capital Partners, Sigma
Partners and 4 Other Investors
Consul NeoWatt (1981, Chennai, $20M)
Manufactures electronic products
Editor's Pick. Stage: Funded
Peepul Capital
Balance of Systems
Zep Solar (2009, San Rafael, $10.6M)
Offers integrated PV mounting systems
Stage: Acquired
Aquillian Investments, The Ecosystem Integrity
Fund
Eguana Technologies (1999, Calgary, $8.5M)
Manufactures inverters and storage devices
IPO Date - Mcap -
IPO Mcap -
CVE EGT P/E -
Pegasus Solar (2012, Richardson, $7.3M)
Rail-less solar mounting structures
Editor's Pick. Stage: Series A
The Ecosystem Integrity Fund, Okapi Venture
Capital, Wenger Ventures
Sunamp (2006, Edinburgh, $6.5M)
Manufactures heat batteries
Minicorn. Stage: Funded

263. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (15/45)
263
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Balance of Systems
Powervault (2012, London, $5.5M)
Energy storage integrated with solar
Editor's Pick. Stage: Series A
Green Angel Syndicate, London Co-Investment
Fund, Future Matters and 3 Other Investors
Pika Energy (2010, Westbrook, $5.4M)
Offers solar energy kits and wind energy solutions
Editor's Pick. Stage: Series A
Clean Energy Venture Group, Gorham Savings Bank,
Maine Technology Institute and 3 Other Investors
Nuance Energy (2013, San Francisco, $3M)
Solar racking solutions and project installers
Editor's Pick. Stage: Series A
Tabuchi Electric Hong Kong Limited
Balance of Systems
Imeon Energy (2013, Brest, $1.8M)
Manufacturer of solar inverters with AI capability
Editor's Pick. Stage: Funded
Ouest Croissance, Pleiade Venture, Bretagne Jeunes
Entreprises and 1 Other Investors
Koolbridge Solar (2013, Wrightsville Beach,
$1.5M)
Designs and develops smart solar products
Editor's Pick. Stage: Seed
Sunfolding (2012, San Francisco, $120k)
Manufacturer of solar tracking systems
Editor's Pick. Stage: Seed
Y Combinator
Skyven Technologies (2012, Dallas)
Solar thermal storage and power generation
provider
Minicorn. Stage: Unfunded
Balance of Systems
Unleash The Light (2016, Jerusalem)
Technology developer to transfer solar energy
across long distances
Minicorn. Stage: Unfunded
CSDR International (2011, Van Nuys)
Manufacturer of solar tracking systems and solar
module assembler
Editor's Pick. Stage: Unfunded
Femtogrid Energy Solutions (2010,
Aalsmeer)
Power management solar technology
Editor's Pick. Stage: Seed
e2 Clean Tech
KACO new energy (1999, Neckarsulm)
Manufacturer of BoS units for solar plant
Editor's Pick. Stage: Unfunded

264. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (16/45)
264
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Balance of Systems
P4P Energy (2010, Carbondale)
Solar panel racking structure developer
Editor's Pick. Stage: Funded
Department of Energy
Smash Solar (2012, San Francisco)
Mounting structure for solar modules
Editor's Pick. Stage: Unfunded
Sulas Industries (2011, Silverthorne)
Develops sun trackers which are powered by the
sun
Editor's Pick. Stage: Funded
Andalay Solar (2001, Campbell)
Offers easy to install racking systems
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Balance of Systems
BioSolar (2004, Santa Clarita)
Lithium Ion battery component developer
IPO Date Mar 2007 Mcap $833k
IPO Mcap -
OTCMKTS BSRC P/E -
MRO-TEK (1984, Bangalore)
Manufactures solar UPS and inverters
IPO Date Nov 2000 Mcap $5.8M
IPO Mcap -
NSE MRO-TEK P/E -
PARU (1993, Seoul)
Manufacturers of solar trackers
IPO Date Jul 2000 Mcap $7M
IPO Mcap $7M
KOSDAQ 43200 P/E -
Blue Sky Energy (1993, Vista)
Manufacturers of solar charge controllers
IPO Date Mar 1998 Mcap -
IPO Mcap -
CVE BSI P/E -
Others
GT Advanced Technologies (1994,
Merrimack, $83.6M)
Manufactures equipment for solar, LED, and
consumer electronics.
IPO Date Aug 2008 Mcap -
IPO Mcap -
Nasdaq GTAT P/E -
PvNanoCell (2009, Migdal, $1.3M)
Makes conductive ink for cell manufacturing
Editor's Pick. Stage: Seed
Terra Venture Partners, Israel G-tek
Fluxim (2007, Feusisberg)
R&D tools for OLED, OPV and perovskite solar cells
Editor's Pick. Stage: Unfunded
Plant PV (2010, San Francisco)
Technology for improving solar panel efficiency
Editor's Pick. Stage: Funded
Prelude Ventures, Convexa, Baruch Future Ventures

265. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (17/45)
265
Solar Energy >Appendix >Index of Top companies by Market
Hardware Developer
Others
Sunsonix (2008, Milpitas)
Biodegradable Cleaning Additives
Editor's Pick. Stage: Funded
Arizona Commerce Authority
BTU (1950, North Billerica)
Manufacturer and seller of thermal processing
equipment
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Centrotherm (1948, Blaubeuren)
Manufacturer of photovoltaics, semiconductor and
microelectronic production equipments
IPO Date Oct 2007 Mcap $1.1B
IPO Mcap -
- CTN P/E -
Others
Giga Solar (2003, Taipei)
Manufacturer of Solar PV conductive paste
IPO Date Nov 2010 Mcap -
IPO Mcap -
TPE 3691 P/E -
Meere Company (1984, Hwaseong)
Equipment manufacturer
IPO Date Jan 2005 Mcap -
IPO Mcap -
KOSDAQ 49950 P/E -
Roth and Rau (1991, Hohenstein-ernstthal)
Coating and structuring surfaces for semiconductor
and solar cells
Stage: Acquired
Sud Beteiligungen
Others
Tera Semicon (2002, Suwon-si)
Offers manufacturing equipment for solar cells and
semiconductor
IPO Date Nov 2011 Mcap $97.6M
IPO Mcap $97.6M
KOSDAQ 123100 P/E 4.5
TES (2002, Cheongju-si)
Semiconductor, display and solar cells, compound
semiconductor equipment market
IPO Date May 2008 Mcap $134M
IPO Mcap $134M
KOSDAQ 95610 P/E -
Valoe (1978, Mikkeli)
Supplies solar modules manufacturing equipments
IPO Date - Mcap -
IPO Mcap -
HEL VALOE P/E -

266. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (18/45)
266
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Multi-Scale
NuPower Renewables (2008, Mumbai,
$117M)
Renewable Energy IPP
Soonicorn. Stage: Funded
Punjab National Bank, Accion Capital Management
Su-Kam Solar (1998, Gurgaon, $10.1M)
Solar solutions developer of residential, commercial
and industrial customers
Editor's Pick. Stage: Funded
Temasek, Reliance Anil Dirubhai Ambani Group
Amarenco (2013, Cork, $7.5M)
Solar energy based independent power producer
Editor's Pick. Stage: Series A
Euro Solar Parks (2008, Ho-ho-kus, $93.7k)
Commercial solar plants developer
IPO Date Sep 2011 Mcap -
IPO Mcap -
OTCMKTS ESLP P/E -
Multi-Scale
Greenko Group (2004, Hyderabad)
Clean energy developer and producer
Unicorn. Stage: Funded
Goldman Sachs, BlackRock, Fidelity Investments
and 12 Other Investors
Photosol (2008, Paris)
Independent power producer in the domain of solar
energy
Editor's Pick. Stage: Funded
7C Solar Parking (2008, Bayreuth)
Independent power producer
IPO Date Jan 2011 Mcap -
IPO Mcap -
FRA HRPK P/E 19.78
Energy Lab (2008, Cividale Del Friuli)
Independent power producer in solar energy and
biomass sector
IPO Date - Mcap -
IPO Mcap -
BIT ELAB P/E -
Multi-Scale
TerniEnergia (2005, Narni)
Independent power producer in cleantech domain
IPO Date Jul 2008 Mcap -
IPO Mcap -
BIT TER P/E -
Gita Renewable Energy (2010, Chennai)
Renewable energy project developer
IPO Date - Mcap -
IPO Mcap -
- - P/E -

267. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (19/45)
267
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Utility
ReNew Power Ventures (2011, Gurgaon,
$898M)
Renewable energy developer
Unicorn. Stage: Funded
CPP Investment Board, HSBC Group, YES BANK and
13 Other Investors
SolarReserve (2007, Los Angeles, $797M)
Independent solar power producer
Soonicorn. Stage: Series C
Department of Energy, Kensani Capital, Good
Energies Foundation and 5 Other Investors
Acciona Energy (1989, Madrid, $567M)
Independent power producer
Unicorn. Stage: Funded
Kohlberg Kravis Roberts
Utility
Cypress Creek Renewables (2014, Santa
Monica, $450M)
Owns and develops solar farms
Editor's Pick. Stage: Funded
Temasek
Hindustan Powerprojects (2008, Delhi,
$300M)
Conventional and clean energy generating
company
Soonicorn. Stage: Funded
Farallon Capital Management, Bank of America
Merrill Lynch, The Blackstone Group
Silicon Ranch (2010, Nashville, $276M)
Independent powe producers
Soonicorn. Stage: Series B
Shell Global, Partners Group, Mountain Group
Partners
Utility
Welspun Renewables (1985, Delhi, $215M)
Solar and wind power generation
Soonicorn. Stage: Acquired
Asian Development Bank, GE Energy Financial
Services, General Electric
Equis Energy (2012, Singapore, $185M)
Independent Power Producer of renewable energy
Minicorn. Stage: Acquired
Element Power (2008, Portland, $183M)
IPP in wind and solar space
Editor's Pick. Stage: Acquired
Hudson Clean Energy Partners
ACME Cleantech Solutions (2003, Gurgaon,
$162M)
Energy Management solutions developer
Minicorn. Stage: Funded
Piramal Group, EDF Energies Nouvelles, Eren
Groupe and 1 Other Investors

268. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (20/45)
268
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Utility
NSL Renewable Power (1985, Hyderabad,
$150M)
Thermal, wind, solar, biomass and hydel energy
generation
Soonicorn. Stage: Series D
IFC, Asian Development Bank, Proparco and 4
Other Investors
BioTherm Energy (2003, Fourways, $150M)
Renewable Energy developer
Editor's Pick. Stage: Funded
Denham Capital
Hero Future Energies (2012, Delhi, $125M)
Independent power producer in renewable energy
sector
Minicorn. Stage: Funded
IFC
Utility
Energix (2009, Ramat Gan, $91.3M)
Renewable energy Independent Power Producer
IPO Date May 2011 Mcap -
IPO Mcap -
TLV ENRG P/E 54.07
Mainstream Renewable Power (2008,
Dublin, $88.4M)
Develops wind and solar plants
Editor's Pick. Stage: Series A
Apollo Global Management, Barclays, Bloom Equity
Recurrent Energy (2006, San Francisco, $85M)
Utility-Scale Solar Project Developer
Minicorn. Stage: Acquired
Prudential Capital Group, Hudson Clean Energy
Partners, Mohr Davidow Ventures and 2 Other
Investors
Utility
Terra-Gen (2007, New York City, $55M)
Independent renewable energy power producer
Editor's Pick. Stage: Funded
GV, MUFG Union Bank, Credit Agricole and 4 Other
Investors
NextEra Energy Resources (1985, Juno
Beach, $38.8M)
IPP ccompany
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Azure Power (2008, Delhi, $31.1M)
Solar power producer
IPO Date Oct 2016 Mcap $396M
IPO Mcap $466M
NYSE AZRE P/E -

269. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (21/45)
269
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Utility
Alcazar Energy (2014, Dubai, $25M)
Independent Power producer
Minicorn. Stage: Funded
IFC, DASH Ventures
ForVEI (2011, Milano, $22.2M)
Solar power infrastructure project investor and
operator
Stage: Acquired
CDC Infrastructure, Quercus Investment Partners
Solaria (2002, Madrid, $22M)
Independent power producer
IPO Date - Mcap -
IPO Mcap -
BME SLR P/E 27.35
Alterra Power (2008, Vancouver, $21M)
Renewable energy project developer using multiple
sources of energy
Minicorn. Stage: Acquired
NGEN Partners
Utility
Good Energy (1999, Chippenham, $4.6M)
Wind and solar energy supplier
IPO Date Jul 2012 Mcap $16.8M
IPO Mcap $16.8M
LON GOOD P/E 16
EDF Renewable Energy (1987, San Diego)
Independent solar and wind power producer
Editor's Pick. Stage: Funded
Allianz Capital Partners, Bank of America
Atlantica Yield (2013, London)
Owns contracted renewable energy projects
Editor's Pick. Stage: Unfunded
Genex Power (2014, Sydney)
Renewable energy project developer
IPO Date Aug 2015 Mcap $23.3M
IPO Mcap $23.3M
ASX GNX P/E -
Utility
Neoen (2008, Paris)
Independent power producer in solar wind and
biomass
Editor's Pick. Stage: Acquired
Government of South Australia, Bpifrance, Omnes
Capital
NextEra Energy (1925, Juno Beach)
Large Utility with focus on clean energy
IPO Date Jan 2003 Mcap $73.7B
IPO Mcap -
NYSE NEE P/E 12.6
NextGen Solar (2009, Washington D.C.)
Independent solar power producer
Editor's Pick. Stage: Funded
Batterson Venture Capital

270. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (22/45)
270
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Utility
NRG Energy (1989, Princeton)
Energy generation and storage
IPO Date Dec 2003 Mcap $10.3B
IPO Mcap -
- NRG P/E 11.22
RenewGeo (2017, Reno)
Developer of solar augmented geothermal energy
technology
Editor's Pick. Stage: Unfunded
3Power Energy Group (2002, New York City)
Solar, wind and hydro IPP
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Aega(2013, Oslo)
Independantpower producer
IPO Date - Mcap -
IPO Mcap -
OSE AEGA P/E -
Utility
Atlantic Wind & Solar (1977, Toronto)
Renewable Energy developer
IPO Date May 2003 Mcap $326k
IPO Mcap -
OTCMKTS AWSL P/E -
Atlantica Yield (2014, Seville)
Energy YieldCo comprising of multiple generation
sources
IPO Date Jan 2014 Mcap $2.3B
IPO Mcap -
- AY P/E -
B Grimm Power (1878, Bangkok)
IPP in renewable energy sector
IPO Date - Mcap -
IPO Mcap -
BKK BGRIM P/E -
Utility
Blockchain Power (2013, Toronto)
Producer and distributor of renewable energy
IPO Date Jun 2014 Mcap -
IPO Mcap -
- BPWR P/E -
Boralex (1982, Kingsey Falls)
Independent Power Producer dedicated to the
development and operation of renewable energy
projects
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Edisun Power (1997, Zurich)
Independent Power Producer
IPO Date Sep 2008 Mcap -
IPO Mcap -
SWX ESUN P/E 14.79

271. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (23/45)
271
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Utility
Enbridge (1949, Calgary)
Transportation and distribution of energy
IPO Date Aug 1981 Mcap $56.2B
IPO Mcap $351M
NYSE ENB P/E 226.91
ENCAVIS (2017, Hamburg)
Independent power producer from renewable
energy resources
IPO Date Jul 1998 Mcap -
IPO Mcap -
- CAP P/E -
Inter Far East Engineering (1982, Bangkok)
Investor in renewable energy power projects
IPO Date May 1988 Mcap $32.3k
IPO Mcap -
BKK IFEC P/E -
Utility
Konark group (1979, Mumbai)
Solar and Wind power generation
IPO Date Feb 2002 Mcap -
IPO Mcap -
- 514128 P/E -
New Sources Energy (1978, Borculo)
Renewable Energy development and investment
company
IPO Date Jan 2003 Mcap $15.7M
IPO Mcap -
AMS NSE P/E -
NextLight Renewable Power (2008, San
Francisco)
Independent solar power producer
Stage: Acquired
Energy Capital Partners
Utility
Orange Renewable (2008, Delhi)
Develops and operates renewable energy projects
Stage: Acquired
AT Capital Group
Pattern Energy Group (2013, San Francisco)
Renewable Energy focused IPP
IPO Date Oct 2013 Mcap $1.1B
IPO Mcap $1.1B
TSE PEGI P/E 16.6
Ralos (2012, Rottweil)
Solar Power plant developers
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Rete Rinnovabile (2011, Rome)
Generates solar power on a grid-scale
Stage: Acquired

272. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (24/45)
272
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Utility
Scatec Solar (2007, Oslo)
Independent solar producers
IPO Date Oct 2014 Mcap $276M
IPO Mcap -
OSE SSO P/E -
Sky Solar Group (2008, Madrid)
Independent power producer
IPO Date Nov 2014 Mcap $61.4M
IPO Mcap $383M
NASDAQ SKYS P/E -
sPower (2012, Salt Lake City)
Owns and develops solar assets
Stage: Acquired
KeyBank, CIT Bank, CoBank and 5 Other Investors
SunRay Renewable Energy (2007, Florina)
Independent solar power producer
Stage: Acquired
Denham Capital
Utility
Terna Energy (1997, Athens)
Vertically Integrated Renewable Energy developer
IPO Date Jul 2001 Mcap -
IPO Mcap -
ATHEX TENERGFB1P/E -
TerraForm Power (2014, Beltsville)
Owns and operates clean energy assets
Stage: Acquired
Urja global (1992, Delhi)
Installs solar plants and offers solar consumer
products
IPO Date Mar 2017 Mcap $33.8M
IPO Mcap -
NSE URJA P/E 268.72
8point3 Energy Partners (2015, San Jose)
Independent solar power producer
Stage: Acquired
Utility
Northland Power (1987, Toronto)
Designs, constructs and operates renewable energy
projects
IPO Date Apr 1997 Mcap -
IPO Mcap -
TSE NPI P/E 20.76
OPG Power Ventures (2008, Toronto)
Developers and operators of power plants
IPO Date May 2008 Mcap -
IPO Mcap $341M
LON OPG P/E 6.37
Sunflower (1995, Ramat Gan)
Operator and developer of renewable energy plants
IPO Date Sep 2006 Mcap -
IPO Mcap -
TLV SNFL P/E 9.27

273. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (25/45)
273
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Utility
Transeastern (2013, Toronto)
Renewable energy based IPP
IPO Date - Mcap -
IPO Mcap -
CVE TEP.DB P/E -
Capital Power (2009, Edmonton)
Power generator through different sources
IPO Date Jul 2009 Mcap $432M
IPO Mcap $432M
TSE CPX P/E 19.11
ContourGlobal (2005, New York City)
Independent Power Producer
IPO Date Nov 2017 Mcap -
IPO Mcap -
BVMF AFLU3 P/E 9.15
Utility
EAM Solar (2010, Oslo)
Acquires and operates solar power plants for long-
term ownership.
IPO Date Mar 2013 Mcap $47.7M
IPO Mcap -
OSE EAM P/E -
Etrion(2008, Geneva)
Independent Solar power producer
IPO Date - Mcap -
IPO Mcap -
STO ETX P/E -
Falck Renewables (2010, Sesto San Giovanni)
Designs, constructs and manages energy
production facilities
IPO Date - Mcap -
IPO Mcap -
BIT FKR P/E 31.68
Utility
Green Infra (2008, Delhi)
Wind and Solar energy producer in India
Stage: Acquired
Principal Solar (2010, Dallas)
Solar IPP company
IPO Date - Mcap -
IPO Mcap -
- - P/E -

274. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (26/45)
274
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Distributed
NRG Solar (2006, Mill Valley, $153M)
Independent solar power producer
Editor's Pick. Stage: Acquired
US Bank, Globespan Capital Partners, Dry Creek
Ventures and 3 Other Investors
CleanMax Solar (2011, Mumbai, $123M)
Solar power project developer in India
Editor's Pick. Stage: Seed
IFC, Warburg Pincus, Bessemer Venture Partners
and 1 Other Investors
Off Grid Electric (2011, Arusha, $113M)
Offers solar services for rural residences
Soonicorn. Stage: Series D
Helios Investment Partners, GE Ventures,
Developing World Markets and 17 Other Investors
Distributed
M Kopa (2011, Nairobi, $99.1M)
Offers solar systems on pay-as-you-go basis
Soonicorn. Stage: Series D
CDC Group, Generation Investment Management,
LGT Venture Philanthropy and 15 Other Investors
BluEarth Renewables (2010, Calgary, $81M)
IPP in wind, solar and hydro-electric segments
Stage: Acquired
Ontario Teachers' Pension Plan, ARC Financial
Tioga Energy (2007, San Mateo, $35M)
Solar Independent Power Producer
Stage: Acquired
MEMC Corp Comm, NGEN Partners, Nth Power and
4 Other Investors
Distributed
PEG Africa (2013, Accra, $21M)
Offgrid solar solutions provider for rural areas
Minicorn. Stage: Series B
Blue Haven Initiative, Investisseurs & Partenaires,
Engie and 8 Other Investors
Kingo (2013, Guatemala City, $19M)
Prepaid solar energy provider
Minicorn. Stage: Series B
Leonardo DiCaprio, Developing World Markets,
Engie and 9 Other Investors
NewHeat (2015, Begles, $2.1M)
Solar powered process heat providers for industrial
use
Editor's Pick. Stage: Series A
Ponticelli, Noria, Etchart and 1 Other Investors

275. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (27/45)
275
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Distributed
Solstice (2014, Boston, $1M)
Community solar solutions
Editor's Pick. Stage: Seed
Right Side Capital Management, Techstars, Dorm
Room Fund
Gram Power (2010, Jaipur)
Manufacturers of Smart Meters and off-grid
electricity
Minicorn. Stage: Funded
USAID
Innergex (1990, Longueuil)
Renewable energy based IPP
IPO Date Dec 2007 Mcap $259M
IPO Mcap $259M
TSE INE P/E 93.06
Distributed
SMA Solar Technology (1981, Nieste)
Offers solar services to homes and industries
IPO Date Jun 2008 Mcap $2.5B
IPO Mcap $2.6B
FRA S92 P/E 76.19
Aspen Group (1978, Tel Aviv)
Real estate and solar project developer
IPO Date Jan 2002 Mcap -
IPO Mcap -
TLV ASGR P/E 8.73
Fintel Energia (1999, Pollenza)
Utility involved in power generation and energy
distribution
IPO Date Mar 2010 Mcap -
IPO Mcap -
BIT FTL P/E -
Distributed
Green Street Energy (2010, Brooklyn)
Distributed solar power producers
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Power Solution Technologies (2001,
Bangkok)
Independant power Producers using renewable
sources
IPO Date - Mcap -
IPO Mcap -
BKK PSTC P/E -
ReNu Energy (2002, Brisbane)
Cleantech solutions developer
IPO Date Dec 2002 Mcap $8M
IPO Mcap $8M
ASX RNE P/E -

276. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (28/45)
276
Solar Energy >Appendix >Index of Top companies by Market
Independent Power Producer
Distributed
Tribute Resources (1997, London)
Offers construction and development services for
cleantech projects
IPO Date Sep 2000 Mcap -
IPO Mcap -
CVE TRB P/E -
UGE (2008, New York City)
Offers solar and wind systems
IPO Date Dec 2011 Mcap $545k
IPO Mcap $545k
CVE UGE P/E -
Voltalia (2005, Paris)
Independent Renewable energy producer
IPO Date May 2006 Mcap $422M
IPO Mcap $422M
EURONEXT VLTSA P/E -
Distributed
P2 Solar (2010, Vancouver)
Develops solar and hydro projects
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Project Developers
Turnkey Developers
Compagnie du Vent (1989, Montpellier,
$470M)
Renewable Energy project developer
Editor's Pick. Stage: Acquired
SUEZ, Omnes Capital
ICQ Holding (1982, Rome, $51.2M)
Offers turnkey solutions for renewable energy
plants
Minicorn. Stage: Funded
Ambienta SGR
Mainstream Energy (2005, San Luis Obispo,
$40M)
Solar Investment Group
Stage: Acquired
REC Solar

277. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (29/45)
277
Solar Energy >Appendix >Index of Top companies by Market
Project Developers
Turnkey Developers
SolBright (2009, Charleston, $12M)
Solar powered project developer
Minicorn. Stage: Acquired
Travelers, Atex, Keystone Capital and 3 Other
Investors
Urban Green Energy (2008, New York City,
$6M)
Distributed solar and wind energy producers
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Sunworks (1983, California, $420k)
Solar power project developers
IPO Date Feb 2006 Mcap $27.1M
IPO Mcap -
NASDAQ SUNW P/E -
Turnkey Developers
SunSure (2015, Delhi)
End to end solar project implementation services
for Industrial, Commercial and Utility sectors
Minicorn. Stage: Funded
Tata Capital, L & T Finance Holdings, cKers Finance
AlionEnergy (2008, Richmond)
Robotic installation and cleaning for solar energy
installations
Editor's Pick. Stage: Funded
Bright Capital, Global Cleantech Capital
Avaada
Developer of renewable energy projects
Editor's Pick. Stage:Unfunded
Enlight (2010, Mexico City)
Residential solar energy system developer
Editor's Pick. Stage: Series B
ALLVP, Engie
Turnkey Developers
Eosol Energy (2008, Pamplona)
Full-end service provider in renewable energy
sector
Editor's Pick. Stage: Funded
Nacional Financiera
Fotowatio Renewable Ventures (2006,
Madrid)
Utility scale solar project developer
Editor's Pick. Stage: Acquired
KfW Bankengruppe, Bancomext, ING and 3 Other
Investors
Lightsource (2010, London)
Project development and assets management of
solar power plants
Editor's Pick. Stage: Acquired
AMP Capital, M&G Investments, Octopus
Investments

278. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (30/45)
278
Solar Energy >Appendix >Index of Top companies by Market
Project Developers
Turnkey Developers
Longroad Energy (2016, San Francisco)
Developer of utility-scale wind and power projects
Editor's Pick. Stage: Series A
Infratil, NZ Super Fund
Mahindra Susten (2013, Mumbai)
Provides turnkey solar EPC services
Editor's Pick. Stage: Unfunded
Masdar (2006, Abu Dhabi)
Solar photovoltaic power plant
Editor's Pick. Stage: Seed
Taaleri, Mubadala
OYA Solar (2009, Toronto)
Global developer of Commercial and Utility Scale
projects
Editor's Pick. Stage: Unfunded
Phanes Group (2012, Dubai)
Solar powered project developer and investor
Editor's Pick. Stage: Series A
Turnkey Developers
Renewable Energy Systems (1982, Kings
Langley)
Renewable energy developer
Editor's Pick. Stage: Funded
Canbank Venture Capital Fund
Solar Capital (2001, Cape Town)
Solar energy projects developer and invester
Editor's Pick. Stage: Unfunded
Vast Solar (2009, Sydney)
CSP based solar project Developer
Editor's Pick. Stage: Unfunded
ACCIONA (1997, Alcobendas)
Infrastructure and renewable energy solution
provider
IPO Date - Mcap -
IPO Mcap -
BME ANA P/E 18
Turnkey Developers
Ameresco (2008, Framingham)
Cleantech energy and energy efficiency project
developer
IPO Date Jul 2010 Mcap $528M
IPO Mcap $404M
NYSE AMRC P/E 17.13
Demeter Corporation (1978, Bangkok)
Renewable energy power developer
IPO Date Jun 2007 Mcap -
IPO Mcap -
BKK DCORP P/E -
Ecosuntek (2008, Gualdo Tadino)
Solar PV installer for commercial buildings and
industries
IPO Date - Mcap -
IPO Mcap -
- - P/E -

279. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (31/45)
279
Solar Energy >Appendix >Index of Top companies by Market
Project Developers
Turnkey Developers
Enlight Renewable Energy (2008, Rosh
Haayin)
Renewable Energy based project developer and
Independent Power Producer
IPO Date Jan 2002 Mcap -
IPO Mcap -
TLV ENLT P/E 1352.94
Global EcoPower (2009, Aix-en-provence)
Wind energy project developer
IPO Date Jun 2013 Mcap -
IPO Mcap -
EURONEXT ALGEP P/E -
Nevo Energy (2011, Cupertino)
Renewable energy project developer
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Turnkey Developers
Orvis (1954, Fukuyama)
Real Estate and distributed solar project developer
IPO Date Jul 2013 Mcap -
IPO Mcap -
TYO 7827 P/E -
Renewable Energy Asia (1988, Singapore)
Renewable Energy project development company
IPO Date Dec 2003 Mcap -
IPO Mcap -
SGX 5DW P/E -
Renova (2000, Tokyo)
Utility scale renewable energy plant developer
IPO Date Feb 2017 Mcap $116M
IPO Mcap $116M
TYO 9519 P/E -
SPCG Public Company (2011, Bangkok)
Solar farm and solar roof developer
IPO Date - Mcap -
IPO Mcap -
BKK SPCG P/E -
Turnkey Developers
SPIE (1998, Cergy)
Designs, constructs, operates and maintains
renewable energy and energy efficiency projects
IPO Date Jun 2015 Mcap $2.8B
IPO Mcap $2.8B
EURONEXT SPIE P/E -
Sunsource (2010, Vadodara)
Wind and Solar power based generation plant
developer
IPO Date - Mcap -
IPO Mcap -
- - P/E -
West Holdings (1981, Tokyo)
Solar power project developers
IPO Date Jul 2013 Mcap -
IPO Mcap -
TYO 1407 P/E -

280. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (32/45)
280
Solar Energy >Appendix >Index of Top companies by Market
Project Developers
Turnkey Developers
Gruppo Green Power (2012, Mirano)
Turnkey energy solutions developer
IPO Date - Mcap -
IPO Mcap -
BIT GGP P/E -
Carpevigo (2006, Holzkirch)
Solar PV project developer
IPO Date - Mcap -
IPO Mcap -
- - P/E -
EPC
BrightSource Energy (2006, Oakland, $805M)
Designs, develops and constructs solar thermal
power plants
Soonicorn. Stage: Series G
Alstom, VantagePoint Capital Partners, DFJ and 19
Other Investors
Solairedirect (2006, Paris, $341M)
Solar IPP and EPC company
Editor's Pick. Stage: Acquired
IDFC Bank, Inter-American Development Bank,
Capital Stage and 14 Other Investors
Sunseap (2011, Singapore, $138M)
Solar rooftop installation
Soonicorn. Stage: Series D
Banpu, Shell Global, ISOTeam and 2 Other Investors
EPC
Building Energy (2010, Milano, $94.9M)
Independent power producer in wind and solar
segment
Editor's Pick. Stage: Series B
ZZ Capital International, Three Hills Capital
Partners, Synergo and 2 Other Investors
Kiran Energy (2010, Mumbai, $44.4M)
Develops and operates solar farms
Stage: Acquired
InnoVen Capital, Bessemer Venture Partners, NSR
Partners and 1 Other Investors
Verengo (2008, Torrance, $42.3M)
Residential Solar Integrator
Stage: Acquired
Angeleno Group, Seneca Creek Partners, Brass
Tower Equity Partners

281. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (33/45)
281
Solar Energy >Appendix >Index of Top companies by Market
Project Developers
EPC
Solel Solar Systems (1992, Beit Shemesh,
$40M)
Solar EPC services provider
Stage: Acquired
Khosla Ventures, KPCB
Solarcentury (1998, London, $38M)
EPC player in the domain of solar energy
Minicorn. Stage: Series E
Actis, Scottish Equity Partners, Foresight Group and
4 Other Investors
FLS Energy (2006, Asheville, $30M)
A solar EPC company
Stage: Acquired
New Energy Capital, Novus Energy Partners, Vision
Ridge Partners and 3 Other Investors
EPC
groSolar (1998, White River, $28.6M)
Solar Distribution and Installation
Stage: Acquired
NGP Energy Technology Partners, SJF Ventures,
Calvert Investments and 3 Other Investors
Vergnet (1989, Ormes, $26M)
Renewable Energy developers
IPO Date Jun 2007 Mcap -
IPO Mcap -
EURONEXT ALVER P/E -
Angelantoni (1932, Perugia, $10.5M)
Provides solutions in solar power and biomedical
sector
Minicorn. Stage: Funded
Fondo Italiano di Investimento
PFMG SOLAR (2009, Huntington Beach, $7M)
Solar energy developer and EPC
Editor's Pick. Stage: Series A
EPC
Carmanah (1996, Victoria, $2M)
Offers LED lighting and solar solutions
IPO Date Mar 2009 Mcap $68.4M
IPO Mcap -
TSE CMH P/E 68.79
Solar Alliance (2003, San Diego, $97.5k)
Solar project developer
IPO Date Dec 2005 Mcap $457k
IPO Mcap -
- SOLR P/E -
Zolt Energy (2013, Delhi, $36.4k)
Distributed solar energy project installer
Minicorn. Stage: Seed
DST India, Clarion Call
Hydrosun (2005, Sydney)
Develops and installs solar floating farms
Editor's Pick. Stage: Unfunded

282. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (34/45)
282
Solar Energy >Appendix >Index of Top companies by Market
Project Developers
EPC
Martifer Solar (2006, Oliveira De Frades)
Developer of solar power solutions
Editor's Pick. Stage: Acquired
NYSERDA
Mass Megawatts Wind Power (1997,
Worcester)
Developers of renewable energy solutions
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Potluck Energy (2014, Allston)
Community solar enablers
Editor's Pick. Stage: Funded
Dorm Room Fund
EPC
Clean Energy Pathways (2006, New York
City)
Energy Efficient products and solution installer
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Cypark Resources Berhad (2004, Petaling
Jaya)
Turnkey solutions for renewable energy generation
and waste & water treatment
IPO Date - Mcap -
IPO Mcap -
KLSE CYPARK P/E -
Elverket (1919, Vallentuna)
Offers solar installation for residential rooftop and
other services
IPO Date - Mcap -
IPO Mcap -
- - P/E -
EPC
Enerdynamic Hybrid Technologies (2012,
Welland)
Offers solar solutions
IPO Date Jan 2012 Mcap -
IPO Mcap -
CVE EHT P/E -
Entegra (1995, Mumbai)
Renewable Energy developer
IPO Date Sep 2000 Mcap $13.3M
IPO Mcap -
NSE ENTEGRA P/E -
Nuon (1994, Amsterdam)
Renewable energy project developer
Stage: Acquired
Ventures Plus
RGS Energy (1978, Louisville)
Offers solar installation services
IPO Date - Mcap -
IPO Mcap -
- - P/E -

283. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (35/45)
283
Solar Energy >Appendix >Index of Top companies by Market
Project Developers
EPC
Streling Powergensys (1984, Mumbai)
EPC services for Solar PV Power Projects
IPO Date Oct 2001 Mcap -
IPO Mcap -
BOM 513575 P/E -
Swelect Energy Systems (1984, Chennai)
EPC services for installation of solar farms
IPO Date May 2006 Mcap $52.8M
IPO Mcap -
NSE SWELECTESP/E 21.67
Ujaas (1979, Indore)
Installer of utility-scale solar PV systems
IPO Date Oct 2011 Mcap $44M
IPO Mcap -
BOM 533644 P/E 25.61
XsunX (2003, Aliso Viejo)
Solar canopies and solar financing
IPO Date - Mcap -
IPO Mcap -
- - P/E -
EPC
ABCO Solar (2008, Tucson)
Residential solar power project installer
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Go Solar USA (2008, Fremont)
Distributed solar power project installer
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Mercury (1998, Auckland)
Energy retailer and solar power plant installer
IPO Date Oct 2013 Mcap -
IPO Mcap -
ASX MCY P/E -
VivoPower (2014, Osborne)
Installs solar systems for commercial purpose
IPO Date Jan 2017 Mcap $46.5M
IPO Mcap -
NASDAQ VVPR P/E -
EPC
Ultima Networks (2015, Harlow)
Renewable energy project developers
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Lanco Infratech (1993, Gurgaon)
EPC for power and soalr projects
IPO Date Nov 2006 Mcap $35.5M
IPO Mcap $1.2B
BOM 532778 P/E -
Phoenix Solar (1999, Sulzemoos)
Commercial and Utility system integrator.
IPO Date Jun 2006 Mcap -
IPO Mcap -
FRA PS4 P/E -
Phoenix Solar (2010, Zurich)
Solar EPC service company
IPO Date - Mcap -
IPO Mcap -
- - P/E -

284. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (36/45)
284
Solar Energy >Appendix >Index of Top companies by Market
Project Developers
EPC
RattanIndia Apna Solar (2007, Gurgaon)
Rooftops solar services
IPO Date Oct 2009 Mcap $193M
IPO Mcap -
BOM 533122 P/E -
Renovalia (2004, Villarrobledo)
Renewable Energy developers
Stage: Acquired
Stone India (1931, Kolkata)
Offers solar, sanitation products along with other
interests
IPO Date Nov 2000 Mcap $2.9M
IPO Mcap -
BOM 522085 P/E 50.27
O&M
Ecoppia (2013, Herzliya, $13M)
Solar Panel Cleaning robots
Editor's Pick. Stage: Series A
Gandyr Investments, Harel Insurance Investments
and Financial Services Ltd., GlenRock Israel
Cleandrone (2015, Valldoreix)
Develops autonomous drones for thermal imaging
and cleaning of solar panels and glass surface
Editor's Pick. Stage: Unfunded
Greenbotics (2011, Davis)
Developer of panel cleaning products
Editor's Pick. Stage: Acquired
Planning and Designing
Alta Energy (2010, San Francisco)
Provides renewable project assessment and
procurement services
Editor's Pick. Stage: Funded
Intercept Ventures
SolarEnergy.com (2013, Gilroy)
Solar yield calculator and identification of installers
IPO Date - Mcap -
IPO Mcap -
- - P/E -

285. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (37/45)
285
Solar Energy >Appendix >Index of Top companies by Market
Solar-as-a-service
Full-end Services
SolarCity (2006, San Mateo, $1.3B)
Solar Panel Installation and Financing
Unicorn. Stage: Acquired
Bank of America, Merrill Lynch, Credit Suisse and
23 Other Investors
Sunrun (2007, San Francisco, $297M)
Solar services for residents
IPO Date Aug 2015 Mcap $1.2B
IPO Mcap $1.4B
NASDAQ RUN P/E 6.98
Sungevity (2007, Oakland, $204M)
Offers solar design services, solar lease, home solar
Soonicorn. Stage: Acquired
Apollo Global Management, GE Ventures, E.on and
10 Other Investors
COSOL (2015, Salvador)
Offers a platform for buyers and sellers of solar
projects
Editor's Pick. Stage: Unfunded
Full-end Services
Rensource Energy (2015, Lagos)
Membership based solar power project developer
Editor's Pick. Stage: Seed
Amaya, Omidyar Network, CRE Venture Capital and
2 Other Investors
Financing
Sunnova (2010, Houston, $1.2B)
Offers solar services to residential purpose
Unicorn. Stage: Series F
Quantum Partners, CIT, Credit Suisse and 5 Other
Investors
Mosaic (2011, Oakland, $247M)
Residential solar financing provider
Soonicorn. Stage: Series C
Deutsche Bank, Warburg Pincus, Core Innovation
Capital and 8 Other Investors
Renew Financial (2008, Oakland, $125M)
Financing solutions for renewable energy projects
Soonicorn. Stage: Series D
Morgan Stanley, Barclays, Angeleno Group and 5
Other Investors

286. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (38/45)
286
Solar Energy >Appendix >Index of Top companies by Market
Solar-as-a-service
Financing
PosiGen (2011, New York City, $80M)
Offers financing solutions for solar installation
Soonicorn. Stage: Series B
Stonehenge Capital, NewWorld Capital Group,
Constellation Technology Ventures and 2 Other
Investors
Clean Power Finance (2007, San Francisco,
$68.9M)
B2B platform for residential solar financing and
software
Minicorn. Stage: Series C
Edison, KPCB, Claremont Creek Ventures and 6
Other Investors
Figtree Financing (2010, San Diego, $30M)
PACE financing provider for property owners.
Minicorn. Stage: Series A
Financing
Brighte (2016, Sydney, $7.5M)
Zero interest payment facility in the solar financing
segment
Editor's Pick. Stage: Series A
National Australia Bank, Grok Ventures, Mike
Cannon-Brookes
Ecolutions (2007, Frankfurt)
Offers financing solutions for project developers
IPO Date Dec 2008 Mcap $145M
IPO Mcap $145M
EURONEXT MLECO P/E -
Installation
Vivint Solar (2011, Lehi)
Residential solar power providers
IPO Date Oct 2014 Mcap $478M
IPO Mcap $1.7B
NYSE VSLR P/E -

287. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (39/45)
287
Solar Energy >Appendix >Index of Top companies by Market
Solar-as-a-service
Customer Acquisition
Powur (2014, San Diego, $1.1M)
Customer acquisition company for SolarCity
Editor's Pick. Stage: Seed
Tech Coast Angels
Solar Products
Multi-Products
PowiDian (2014, Chambray-les-tours, $2M)
Energy solutions for remote areas
Editor's Pick. Stage: Seed
Xerys Gestion
Lightinus (2013, Dover)
Designs and manufactures IOT integrated smart
solar systems
Editor's Pick. Stage: Unfunded
Lighting
Greenlight Planet (2007, Chicago, $79M)
Manufacturer of solar lights
Minicorn. Stage: Series B
Apis Partners, Eight Roads Ventures, Bamboo
Capital Partners and 9 Other Investors
D.light Design (2007, San Francisco, $43.1M)
Manufactures and distributes solar products in
villages
Minicorn. Stage: Series D
European Investment Bank, responsAbility, SIMA
Funds and 21 Other Investors
Lucy (Solenica) (2014, San Diego, $120k)
Designed a designer robot that brings natural
illumination in home
Editor's Pick. Stage: Seed
Techstars, Qualcomm, BOX Associates
ISAL Solar (2015, Hamburg)
Solar LED lighting
Minicorn. Stage: Unfunded

288. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (40/45)
288
Solar Energy >Appendix >Index of Top companies by Market
Solar Products
Lighting
PureRay (2006, Atlanta)
Solar based LED lighting system
IPO Date Oct 2011 Mcap $129k
IPO Mcap -
OTCMKTS PURY P/E -
Charging
Standard Renewable (2006, San Antonio,
$47M)
Offers solar products
Stage: Acquired
The Quercus Trust, Standard Renewable Energy
Group
Envision Solar (2006, San Diego, $4.6M)
Offers solar trees for parking lots and solar EV
charging solutions
IPO Date May 2010 Mcap $44.4M
IPO Mcap -
OTCMKTS EVSI P/E -
Soofa (2014, Cambridge, $3.5M)
Smart urban bench
Editor's Pick. Stage: Seed
Underscore VC, Pillar, Accomplice and 3 Other
Investors
Charging
Buffalo Grid (2011, London, $1.3M)
Mobile charging infrastructure for rural areas
Editor's Pick. Stage: Seed
LocalGlobe, Kima Ventures, Royal College of Art
Thinkphi (2015, Mumbai)
Rainwater and solar energy harvesting products
Minicorn. Stage: Seed
Eco Marine Power (2010, Fukuoka)
Renewable energy based power and propulsion
system for marine vehicles
Editor's Pick. Stage: Unfunded
Ecocapsule (2014, Bratislava)
Off-grid micro home powered by the solar and wind
energy
Editor's Pick. Stage: Funded
Launcher

289. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (41/45)
289
Solar Energy >Appendix >Index of Top companies by Market
Solar Products
Charging
Portagrid (2014, Cairns)
Portable containerized energy generation and
storage solution
Editor's Pick. Stage: Unfunded
Sun Energy (2007, Irvine)
Manufacturer of solar charging products
Editor's Pick. Stage: Funded
Watermark Venture Capital
SunPort (2014, Albuquerque)
Makes solar plugs which bills the electricity
consumption
Editor's Pick. Stage: Unfunded
Zephyr Solar (2014, Paris)
Designer and producer of solar balloon
Editor's Pick. Stage: Unfunded
Charging
Samya Tech (1992, Taoyuan City)
Manufacturer of chargers for consumer electronic
products
IPO Date Jan 2008 Mcap -
IPO Mcap -
TPE 3465 P/E -
Spectur (2009, Perth)
Designs and manufactures solar powered products
IPO Date Jul 2017 Mcap $6.6M
IPO Mcap $6.6M
ASX SP3 P/E -
New Energy Systems Group (2001, New York
City)
Solar and energy storage based solution and
product developers
IPO Date - Mcap -
IPO Mcap -
- - P/E -
Thermal
Solis Solar Heater (2011, Birigui, $1.8M)
Manufactures solar water heaters
Editor's Pick. Stage: Seed
Inseed Investimentos
INroof Solar (2016, Amesbury)
Solar thermal roof panels manufacturer
Editor's Pick. Stage: Funded
Mass
Epic Energy (1991, Mumbai)
Manufacturer and supplier of renewable energy
and energy efficiency products
IPO Date Mar 2000 Mcap $937k
IPO Mcap -
BOM 530407 P/E -
Quantum (1975, Adelaide)
Manufacturer of solar heat pumps
IPO Date Aug 1993 Mcap -
IPO Mcap -
ASX QTM P/E -

290. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (42/45)
290
Solar Energy >Appendix >Index of Top companies by Market
Solar Products
Others
Sunlight Photonics (2007, Edison, $11M)
Designs and builds solar-powered UAVs
Editor's Pick. Stage: Seed
Morgenthaler, Venearth Group
Bye Aerospace (2007, Englewood, $7.6M)
Solar-electric powered UAV for surveying &
mapping
Editor's Pick. Stage: Series C
Ashanti Capital
Bigbelly Solar (2003, Newton, $4.3M)
Smart waste monitoring
Editor's Pick. Stage: Series A
Massachusetts Capital Resource Company
Navocean (2004, Seattle)
Sail and solar drones for marine data collection
Editor's Pick. Stage: Unfunded
Others
Nuon Solar Team (2001, Delft)
Designs and manufactures solar powered cars
Editor's Pick. Stage: Unfunded
Solar Flight (1986, Ramona)
Manufacturer of solar powered aircrafts
Editor's Pick. Stage: Series A
NanoDimension
Software Solutions
Energy Management
Fat Spaniel (2003, San Jose, $28M)
Renewable Energy Monitoring
Stage: Acquired
Applied Materials, Element Partners, Ignition
Partners and 3 Other Investors
Powerhive (2011, Berkeley, $20M)
Asset Intelligence for microgrids
Minicorn. Stage: Series A
Prelude Ventures, Caterpillar, Tao Capital Partners
and 1 Other Investors
Greenbyte (2009, Gothenburg, $6.2M)
Renewable energy generation monitoring and plant
management systems
Editor's Pick. Stage: Series B
Korys

291. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (43/45)
291
Solar Energy >Appendix >Index of Top companies by Market
Software Solutions
Energy Management
Omnidian (2015, Seattle, $5.1M)
Offers monitoring and maintenance for solar PV
systems
Editor's Pick. Stage: Series A
Congruent Ventures, City Light Capital, Blue Bear
Capital and 4 Other Investors
Evergen (2016, Sydney, $3.7M)
Solar based home energy management system
Minicorn. Stage: Series A
AMP Capital, CSIRO
Ampard (2011, Zurich, $2.6M)
Aggregates solar storage systems to virtual power
plants
Editor's Pick. Stage: Series A
Zurcher Kantonalbank, BKW
Energy Management
ReMoni (2013, Skanderborg, $2M)
Developer of connected water and electricity meter
Editor's Pick. Stage: Seed
Innovationsfonden, Markedsmodningsfonden,
Capnova
Machine Pulse (2014, Mumbai)
Cloud based Big Data analytics & decision science
Editor's Pick. Stage: Funded
AlsoEnergy (2007, Boulder)
Energy management software solutions
Editor's Pick. Stage: Series A
Clairvest
Fulcrum3D (2011, Sydney)
Developer of measurement techniques for wind and
solar systems
Editor's Pick. Stage: Unfunded
GreenPowerMonitor (2011, Barcelona)
Remote monitoring and data management
Editor's Pick. Stage: Acquired
Energy Management
Leap Info Systems (2015, Pune)
Analytics solutions for industrial assets
Editor's Pick. Stage: Unfunded
Operant Solar (2015, Sonoma)
Solar power plant monitoring systems
Editor's Pick. Stage: Funded
Department of Energy
Pattern Recognition Technologies (1994,
Dallas)
Develops forecasting and monitoring systems for
renewable energy projects
Editor's Pick. Stage: Unfunded
Solar Census (2006, San Francisco)
Developer of automated online rooftop shade
analysis software
Editor's Pick. Stage: Unfunded
Solar Data Systems (2007, Bethel)
Solar PV monitoring solutions
Editor's Pick. Stage: Unfunded

292. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (44/45)
292
Solar Energy >Appendix >Index of Top companies by Market
Software Solutions
Project Development
MYSUN (2015, Noida, $2.5M)
Platform to connect solar installers and customers
Editor's Pick. Stage: Series A
Enact Systems (2013, San Ramon, $25k)
Cloud hosted sales/workflow automation solution
for energy industry
Editor's Pick. Stage: Seed
Powerhub (2013, Toronto)
Cloud-based SaaS asset management solution for
renewable energy projects
Editor's Pick. Stage: Funded
Graph Ventures
Solar Captus (2016, Sydney)
Customer Engagement and Lead Generation
solution for solar industry
Editor's Pick. Stage: Unfunded
Solar Labs (2017, Mandi)
Technology enabler for better roof mapping
Editor's Pick. Stage: Unfunded
Project Development
Xendee (2012, San Diego)
Project design software
Editor's Pick. Stage: Funded
Analytics Ventures
Asset Portfolio Management
KryptonCloud (2015, San Francisco, $2.7M)
Cloud-based asset performance management
solution for asset-intensive businesses
Editor's Pick. Stage: Seed
Department of Energy, Costanoa Venture, Fuel
Capital and 3 Other Investors
Nispera (2015, Zurich)
Operational management, monitoring and
forecasting solution provider
Editor's Pick. Stage: Unfunded

293. Copyright © 2018, TracxnTechnologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Solar Energy
Index of Top companies by Market (45/45)
293
Solar Energy >Appendix >Index of Top companies by Market
Power Sharing
Prosumer
Bovlabs (2017, Sunnyvale)
Offers peer-to-peer exchange of renewable power
Editor's Pick. Stage: Unfunded
Enercred (2016, Itajuba)
Provides a platform which enables exchange of
power in the grid
Editor's Pick. Stage: Funded
EDP Starter
Solar Pi (2017, Bangkok)
Provides a platform for a peer-to-peer exchange of
solar power
Editor's Pick. Stage: Unfunded
Retailer
Nexergy (2016, Sydney)
Distributed power sharing solution
Editor's Pick. Stage: Unfunded
Phi.zone (2017, Paris)
Peer-to-peer energy provider
Editor's Pick. Stage: Unfunded
SunSwarm (2015, Oakland)
Community solar subscription platform
Editor's Pick. Stage: Funded
Department of Energy

294. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
Funded Deadpooled Companies
294
Excludes all details for Chinese companies
Solar Energy >Appendix >Funded Deadpooled Companies
View all 281 Deadpooled companies on Tracxn Platform
FundingCompany Location
$964MSolyndra Fremont
$520MNanosolar San Jose
$334MOptiSolar
Technologies
Hayward
$214MAbound Solar Loveland
$211MSolFocus San Jose
$207MBeamReach SolarMilpitas
$160MSoltecture Berlin
$159MSulfurcell
Photovoltaic
Denver
$130MAmonix Torrance
$114MGreenVolts Fremont
$91.4MSpectrawatt Hillsboro
$87MKonarka
Technologies
Lowell
$52.7MFTL Solar New York City
$49.8MApplied Quantum
Technologies
Santa Clara
$46MXunLight Toledo
$36MBLOO Solar Sacramento
$33.4MSopogy Honolulu
FundingCompany Location
$24.6MSkyline Solar Mountain View
$23.5MQBotix Menlo Park
$16.9MNovoPolymers Puurs
$16.7MAmpulse Solar Golden
$13MLightwave PowerCambridge
$13MAzuray
Technologies
Durham
$12MSunovia Energy Sarasota
$12MSixtron Dorval
$11MFlareum
Technologies
Mumbai
$10MSolar Notion Sunnyvale
$10MPythagoras SolarPetah Tikva
$10MAmerican Solar
Direct
Los Angeles
$8.5MSunwind Energy
Group
Henderson
$8.5MSunwind Energy Nevada
$7MWi-Chi Tualatin
$6.1MWhitfield SolarReading
$6MSuncrest Solar Salt Lake City
FundingCompany Location
$5.9MSkyBuilt Power Arlington
$5MAstrowatt Austin
$5MOmniPV Belmont
$4.8MEPV Solar Robbinsville
$4.7MDC Wafers Leon
$4.5MYeloha Solar Tel Aviv
$4.5MBanyan Energy Berkeley
$4.2MThat's Solar San Francisco
$4MCommunity EnergyRadnor
$3.2MArdenham EnergyGlastonbury
$3.2MWakonda Rochester
$3MPPT Research Allentown
$2.8MPlasmaSi Fremont
$2.6MEqual Earth San Diego
$2.6MVisible Light Solar
Technologies
Albuquerque
$2.5MClean Currents Silver Spring
$2.5MSunModular California
$1.6MRegen San Francisco
$1.5MMidisolaire Beauzelle
$1.2MSunPods San Jose
Index of Deadpooled companies in Solar Energy

295. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report -Solar Energy -Jun 2018
UmangGupta
Senior Analyst
NaskantiSai Shreshta
Research Analyst
Team
295
For research queries write to us at [email protected]

297. Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
Any and all information either accessed from the websitewww.tracxn.comor having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). Youshall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may howeverincorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visiblyidentified as the source of information.
For further information please refer to our Terms of Use atwww.tracxn.com