In a long-awaited announcement, Advent Solar today put out the news that they have raised a $30M Series C round. Battery Ventures led the round with fellow new investor Firelake Capital, and existing investors EnerTech Capital Partners, CMGI's @Ventures, the New Mexico Co-Investment Partners, and Angels with Attitudes also participated.
The capital is going to be used to build a 25MW manufacturing plant for the company's emitter wrap-around solar modules. Want to see a close-up picture of one? Steve Jurvetson has posted a picture on his Flickr account. He has posted a lot of other interesting pictures as well... DFJ, of course, has invested in Konarka, another high-profile solar startup.
The Advent raise follows on the heels of the other major solar fundings this year, and is in advance of the announced IPO of SunPower. Certainly, solar is getting the most attention right now among the many cleantech investment areas.
