Rioglass Solar Holding, a manufacturer of solar reflectors for the application in concentrating solar power (CSP) plants, has received an investment of undisclosed amount from Ventizz Capital Fund IV L.P.
The investment was made along with funds managed by Partners Group, and in conjunction with Jose-Maria Villanueva, founder and CEO of Rioglass Solar, and current shareholder Abengoa, the international company that applies innovative technology solutions for sustainable development in the energy and environment sectors. Ventizz and Partners Group will be represented on the company’s board.
Founded in 2007, Rioglass has developed proprietary technology to manufacture highly efficient mirrors for all types of CSP technology. With production facilities in Asturias (Spain) and in Arizona (USA), the company plans to expand and supply the global market in solar thermal plants.
Rioglass employs over 200 people.