Renewables powerhouse Iberdrola makes strategic investment in Toronto’s Morgan Solar

Hamilton%2C%20Tyler45X64.jpgPosted by Tyler Hamilton
Since first writing about Toronto-based Morgan Solar a year ago, I’ve grown increasingly fond of this up-and-coming developer and soon-to-be manufacturer of concentrated PV systems. They think out-of-the-box, and they execute quickly. They fine tune until they get it right, and they don’t make a lot of noise until they get it right. They’re creative and original, and as a result stand out from others in the field.
So when I got a call from biz-dev director Nicolas Morgan telling me the company had secured $4.7 million in financing and that Spanish utility Iberdrola Group signed on a strategic investor, I guess I wasn’t surprised. Click here to learn more about the latest news from Morgan Solar, and its plans to get a commercial production line up and running in Toronto sometime in 2010. Also click here for an MIT Technology Review article about the company’s innovative technology.

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