US residential solar panel installer Astrum Solar raises fresh funding led by NewWorld Capital Group and including energy supplier Constellation.
Astrum Solar, a US-based residential solar installer, has raised an unspecified amount of series B funding led by private equity firm NewWorld Capital Group, with participation from retail energy supplier Constellation and asset manager CCM US.
Atrum Solar states that the US residential solar market is less than 5% penetrated today and is forecast to grow at nearly 40% per year through 2017; investment is intended to enable Astrum Solar to expand its operations into selected new markets across the…
