San Francisco solar services company Recurrent Energy was one of a number of solar firms that secured cash over the past week, with Recurrent closing a $200 million staged solar project fund with Morgan Stanley.

Recurrent said the fund represents a commitment to finance $100 million of its solar electric power projects in 2008 and an additional $100 million in 2009.

Also pulling in solar cash is White River Junction, Vt.-based solar energy startup GroSolar, which raised $10 million in Series B funding, and Israeli solar startup SolarEdge, taking in $11.8 million in a Series A round.

Rounding out the deals were vegetable oils from Poland's Zaklady Tluszczowe Bodaczow, Conduit Capital Partners hydroelectric plants in Mexico, and Michigan biochemicals startup Draths.

Deals we saw this week:

• Ottawa, Ontario's Thermal Energy International, which provides energy and emission reduction and bioenergy solutions, secured a five-year, $2.5 million line of credit with Toronto-Dominion Bank. Thermal Energy said the credit facility would go toward the company's Flu-Ace and Dry-Rex systems.
• San Francisco-based Recurrent Energy, a solar services company, closed a $200 million staged solar project fund with Morgan Stanley. Recurrent said the fund represents a commitment by Morgan Stanley to provide financing for $100 million of Recurrent's solar electric power projects in 2008 and an additional $100 million in 2009.
• Energy & Power Solutions Inc., a Costa Mesa, Calif.-based provider of clean energy power and carbon footprint reduction solutions for manufacturing customers, raised $20 million in Series A funding. Investors included NGEN and Robeco Group, with Windstone Capital Partners serving as financial adviser.
• Zaklady Tluszczowe Bodaczow, the fifth largest producer of vegetable oils and edible fats in Poland, received an investment commitment of 16.4 million euros from Darby Overseas Investments. Zaklady recently started serving the country's emerging biodiesel industry. Darby said the proceeds of the loan will help finance a new high capacity production line for rapeseed oil.
• White River Junction, Vt.-based solar energy startup GroSolar raised $10 million in Series B funding. NGP Energy Technology Partners led the round, joined by return backers SJF Ventures, Calvert Social Funds, and Allco Financial Group. The company previously raised $2.25 million in a Series A round in September 2006.
• Conduit Capital Partners sold its 70 percent stake in Inelec, a portfolio of three hydroelectric power plants in Western Mexico, to Enel. The deal was valued at $156 million, which puts Inelec's enterprise value at $193 million. BNP Paribas advised Conduit on the sale (see Enel buys Mexican hydro plants for $156M).
• Draths, an Okemos, Mich.-based green biochemical engineering company, secured $2.5 million of a $5 million Series A round from Khosla Ventures. Draths is developing a key building block to anti-influenza drug Tamiflu, and Khosla has said the company's work has applications for green materials. The company previously received a $1 million seed investment from Brad Greenspan, one of the founders of MySpace.
• Israeli solar startup SolarEdge raised $11.8 million in a Series A round. The funding comes from Opus Capital, Genesis Partners, Walden International Ventures, and ORR Partners. SolarEdge is developing technology to increase the efficiency of solar power components.
• Vancouver, British Columbia, solar power company Day4 Energy (TSX: DFE) raised Cdn$100 million in its debut on the Toronto Stock Exchange. But the company's shares ended their first day at Cdn$7, and dropped by another 5 percent the next day to close at Cdn$6.66. The company said its core technology offers an improved method of connecting to and interconnecting with photovoltaic material.

Browse previous deals here.

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