Enviromena Power Systems, an Abu Dhabi -based developer of solar-generated power plants, has raised $15 million in a Series B financing round to support its expansion in the Middle East and North Africa.
New investors included Masdar, the Abu Dhabi clean tech investment group, which becomes Enviromena’s largest shareholder, and Good Energies. Current investors include London-based zouk Ventures and New Energies Invest .
Last year in Abu Dhabi Enviromena’s $50 million, 10 megawatts, photovoltaic solar farm came online. The project was set to supply power to Masdar City, a green urban project whose development has been put on hold for at least four years.