Canada-based solar power technology company Morgan Solar secured $9.8m in funding on Tuesday from oil and natural gas delivery corporation Enbridge, taking its series B round to an oversubscribed $28.8m.
Enbridge joined energy group Iberdrola and plastics manufacturer Nypro is funding the round. The round follows a similarly oversubscribed series A round last year, which raised $8.2m from Iberdrola, Nypro, investment management firm Turnstone Capital Management and two unnamed Canada-based venture capital groups. Morgan’s overall financing stands at $38m since…
