Community Energy, a Radnor, PA-based renewable energy developer and marketer, announced this week that it completed a $4 million Series A round of financing. This financing was led by SJF Ventures and joined by NGP Energy Technology Partners. The company said that it will use the funds to expand its pipeline of utility-scale solar generation projects under development in the Northeast, Midwest, and West.
“In the past, we’ve looked at the renewable energy project development space, but haven’t found a match until now,” said Chris Sorrells, Managing Director at NGP Energy Technology Partners. “We are pleased to join SJF Ventures in backing a very proven management team to aggressively pursue utility scale solar development in their target markets.”
“We liked the seasoned leadership team at CEI, and their 10-year track-record of success in early-market renewable energy development and renewable power marketing,” said David Kirkpatrick, Managing Director of SJF Ventures, who has joined the CEI Board of Directors. “The solar power market is just opening up at scale, and we look forward to advancing that market with Community Energy.”