Game Change Solar closes financing with Citi to fund global expansion
Post date: 10/07/2019 - 20:41
US mounting systems and tracker manufacturer Game Change Solar, LLC has closed an asset based working capital line of credit to fully fund its growth over the next several years in the US and overseas. According to the company, the funding commitment was provided by Citi Commercial Banking. Game Change Solar »expects to continue a trajectory of profitable growth and is poised to become the global leader by 2022 with sales substantially in excess of $1 billion«. Details about the amount were not disclosed.
As reported, in June the company announced the addition of 6.4 GW of tracker and fixed tilt manufacturing lines in China that will be utilized for growth into international markets such as China, the Middle East, Europe, Australia, and Africa. This additional capacity increases Game Change's total manufacturing capacity to over 15 GW globally.