{"id":5718,"date":"2016-01-18T10:39:36","date_gmt":"2016-01-18T10:39:36","guid":{"rendered":"https:\/\/cleanenergyworld.net\/index.php\/2016\/01\/18\/ten-k-solar-increases-momentum-goldman-sachs-investment\/"},"modified":"2016-01-18T10:39:36","modified_gmt":"2016-01-18T10:39:36","slug":"ten-k-solar-increases-momentum-goldman-sachs-investment","status":"publish","type":"post","link":"https:\/\/cleanenergyworld.net\/index.php\/2016\/01\/18\/ten-k-solar-increases-momentum-goldman-sachs-investment\/","title":{"rendered":"Ten K Solar Increases Momentum with Goldman Sachs Investment"},"content":{"rendered":"

Ten K Solar<\/a>, Inc., the company maximizing value in commercial rooftop solar, has\u00a0announced the completion of a $25 million<\/span> equity investment led by Goldman Sachs & Co’s<\/a> Alternative Energy Investing Group<\/a>. The company will use the investment to support its rapidly expanding US and international operations.\u00a0 Ten K just completed its third consecutive year of triple digit growth and is rapidly establishing a new standard for safety, reliability and energy density on large-scale rooftop solar projects.<\/p>\n

The investment acknowledges Ten K’s increasing customer traction in the multi-billion-dollar solar industry. Ten K’s low-voltage, cell independent technology eliminates a host of safety and reliability problems associated with legacy solar.<\/p>\n

“Ten K’s ability to deliver significantly more energy from available roof space combined with the elegant simplicity, reliability and inherent safety of our design is driving a shift to Ten\u00a0K. We are looking forward to working with Goldman Sachs to further grow our company,” said Joel Cannon<\/span>, CEO of Ten K.<\/p>\n

Goldman Sachs joins the company’s already strong investment backing from funds managed by Oaktree Capital Management, L.P.<\/a>, a leading private equity investor in the US and Greencoat Capital<\/a>, one of the largest private equity investors in the renewable energy space in Europe.\u00a0 Piper Jaffray<\/span> & Co<\/a>. served as Ten K’s financial advisor for this transaction.<\/p>\n

Ten\u00a0K produces advanced photovoltaic modules designed for maximum performance. Based on its proprietary technology, Ten\u00a0K\u00a0offers high efficiency and highly reliable photovoltaic solutions for commercial rooftop, carports and ground-mount applications. With over 500 installations in the US and 18 other countries, Ten\u00a0K is one of the fastest growing solar providers in the world. Founded in 2008, Ten K Solar is headquartered in Minneapolis, Minnesota<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Ten K marches on: the company has just completed its third consecutive year of triple digit growth and is rapidly establishing a new standard for safety, reliability and energy density on large-scale rooftop solar projects. Ten K\u2019s low-voltage, cell independent technology eliminates a host of safety and reliability problems associated with legacy solar.<\/p>\n","protected":false},"author":2,"featured_media":5721,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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