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Home Deal Tracker

GameChange Solar raises Debt from Citi

Tim D by Tim D
September 2, 2019
in Deal Tracker, Solar Venture Capital Deals
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GameChange Solar today announced that it 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. GameChange Solar has achieved profitability every year since its inception in 2012, rising to become the market leader in the US combined utility scale solar structures and tracker market in 2019.

It 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.

“As GameChange Solar continues its rapid expansion globally and in the US, we decided it was time to bring on a large financing partner, Citi also shares our vision of the importance of solar energy.”

Derick Botha, Chief Commercial Officer at GameChange Solar
Tags: Deal Trends
Tim D

Tim D

Deep background and technical expertise in alternative energy with a focus on corporate development and funding innovation in the solar industry. Currently reporting on current trends and opportunities in solar and uncovering early and mid-stage companies poised to shift the way we produce and use energy.

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