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Alternative Energy - Tuesday, April 15, 2008

Solar Firm Mainstream Energy Gets $40M Backing From Norwegian Firm

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San Louis Obispo-basd Mainstream Energy Corporation has sold a 20% stake for $40M to Oslo, Norway based Renewable Energy Corporation, which bill itself as "the world's largest producer of silicon materials for photovoltaic applications and multicrystalline wafers."

Mainstream Energy was founded in 2005 by Timothy Ball, Christine Holz and Angiolo Laviziano who are all solar vets. In short order they have been able to close some major deals including a $100M deal with Evergreen Solar and another deal with Costco. Mainstream provides ystems integration plus it has distribution subsidiaries. Mainstream has invested in AEE Solar and REC Solar.

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