Tigo Energy secures investment to expand manufacturing capacity

Facebook
Twitter
LinkedIn
Reddit
Email

Tigo Energy has secured investment of up to US$20 million to help expand its manufacturing, international sales and logistics divisions and meet rising demand for its Maximizer Management Unit. An initial payment of US$10 million in equity capital will be provided by Generation Investment Management LLP’s Climate Solutions Fund, LP, while Tigo has also put in place an additional accounts receivable line of up US$10 million.

“By raising harvest efficiency and lowering operation and maintenance costs, we are accelerating the path to grid parity,” Tigo Chief Operating Officer Ron Hadar said. “As Tigo Energy’s volume grows, we expect to deliver this value with very little incremental system cost.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The Maximizer raises the output of solar arrays by implementing maximum power point control at the module level. And its popularity with customers worldwide has seen demand for the product double in each of the last four quarters; monthly production output now stands at 10MW.

“Tigo Energy is a prime example of a company with innovative technology aimed at accelerating the adoption of PV solar use to support the transition to a low carbon economy,” said Generation Investment Management’s David Blood.

“Tigo Energy is an integral part of our product offering for our customers. We offer it as a recommended option to help our customers get the most from their investment,” REC Solar vice president Josh Price said.

Read Next

July 3, 2025
Malaysian engineering and infrastructure giant Gamuda has expanded its presence in the Australian renewables sector by partnering with Tasmanian landowners to build a 1.2GW portfolio, which includes solar PV.
July 2, 2025
A new state-owned green bank, the Energy Security Corporation (ESC), has launched in New South Wales, Australia, with an initial funding allocation of AU$1 billion (US$640 million).
July 2, 2025
Asset management firm Capital Dynamics has secured €110 million (US$129.4 million) in financing for three solar PV projects in Spain.
July 2, 2025
The US Senate has narrowly passed – with a 51-50 vote and with vice-president JD Vance breaking the tie – the reconciliation bill yesterday (1 July) without the solar and wind excise tax.
Premium
July 2, 2025
ANALYSIS: China's leading PV manufacturers are locked in a new round of competition, aiming to outpace each other through record-breaking feats.
July 2, 2025
Investment manager Quinbrook Infrastructure Partners has begun commercial operations at a 373MW solar PV plant in the UK.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK