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. The funding commitment was provided by Citi Commercial Banking. 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.
Derick Botha, Chief Commercial Officer at GameChange Solar, stated: "As GameChange Solar continues its rapid expansion globally and in the US, we decided it was time to bring on a large financing partner. We are pleased to close a transaction with Citi, which we feel is the best global bank for our needs. Citi also shares our vision of the importance of solar energy."