Two weeks ago Green Wombat first reported that Silicon Valley venture capital firm VantagePoint Venture Partners was set to invest in a large-scale solar power plant. Matt Marshall at VentureBeat followed up and has details of the deal here.
Matt reports that VantagePoint is investing in Luz II, a company that signed an agreement in August with Northern California utility PG&E to produce 500 megawatts of electricity from large-scale solar power plants. The company is a successor to Luz, which built nine solar power stations in California’s Mojave desert in in the wake of the oil shocks of the late 1970s.
Green Wombat 
Solid investments in the alternative energies sector are definitely heating up.