By .(JavaScript must be enabled to view this email address) - 18 September 2012, 13:18
In News, Power Generation, Inverters, Finance

SolarBridge secures US$7 million venture loan to expand business

SolarBridge will be able to ramp production of its innovative microinverters and advance its development of new products.

Micro-inverter firm, SolarBridge Technologies has secured a US$7 million venture loan from Horizon Technology Finance Corporation that is designed to support the company’s growth plans and support the roll-out of recently announced new products.

"We value our new partnership with Horizon and appreciate its confidence in our advanced technology and growth prospects,” commented Ron Van Dell, president and CEO of SolarBridge. “Horizon's experienced team of professionals provided an efficient and timely closing of our debt financing. With this boost to our liquidity, we can continue to address the need for cost-effective renewable energy and expand our business."

"With our growth capital and SolarBridge's recent equity financing, SolarBridge will be able to ramp production of its innovative microinverters and advance its development of new products," added Gerald A. Michaud, president of Horizon.

Publications

Photovoltaics International 19th Edition

For manufacturers who had their heads in the bunker during 2012, fighting falling ASPs and eroding margins, the nineteenth edition brings you details of what lies in store for this coming year. Wright Williams & Kelly return in this issue with their popular analysis of payback on technology buys; crucially they analyze n-type wafers, Al2O3 passivation and copper metallization. SERIS shows us how to achieve 18.7% efficiencies using low-cost etching techniques on diffused wafers. We also have two important technology roundups: CIGS from Helmholtz Berlin, and PV module encapsulation techniques from Fraunhofer ISE.

Manufacturing The Solar Future: The 2013 Production Annual

In the ever-changing global solar markets, cost reduction and measures to increase cell efficiencies are the key tools available to PV manufacturers to create new opportunities and drive your business to the next level. Manufacturing the Solar Future 2013 is the third in the Photovoltaics International PV Production Annual series, delivering the next instalment of in-depth technical manufacturing information on PV production processes designed to help you gain the competitive edge.

SolarBridge secures US$7 million venture loan to expand business

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Acknowledgements

Solar Media