Horizon Technology Finance Corporation, a specialty finance company, has closed a $7 million venture loan to SolarBridge Technologies, a provider of integrated photovoltaic microinverters. The proceeds of the venture loan will be used to support the company’s growth and expansion.
“SolarBridge is an exciting company whose products are helping pave the way for the widespread adoption of solar power in the residential and commercial markets,” said Gerald A. Michaud, president of Horizon. “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.”
Ron Van Dell, president and CEO of SolarBridge, said, “With this boost to our liquidity, we can continue to address the need for cost-effective renewable energy and expand our business.”
Horizon Technology Finance