Koch system spends USD 150m in GameChange Solar
- Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, has actually invested USD 150 million (EUR 133m) in solar racking and also tracker systems company GameChange Solar Holdings Corp
Extra especially, KSP has actually made a preferred stock financial investment which, if transformed, would certainly stand for a minority risk in GameChange Solar. The action follows considerable due diligence right into the firm's products, efficiency as well as project pipeline, the announcement claims.
Founded in 2012, GameChange Solar began as a local vendor of fixed-tilt racking systems and has actually currently grown to a global provider of utility- and commercial-scale solar mounting options, trackers as well as software. According to a Wood Mackenzie ranking, it was the third-largest solar tracker business in the United States and the sixth-largest vendor worldwide in 2020. To date, it has marketed over 16 GW of jobs globally.
GameChange intends to use the web proceeds of the financial investment to additional grow its market share in your home and also abroad, quicken product r & d (R&D), along with to expand its customer base and also global implementation and manufacturing existence.
The business means to collaborate with a number of Koch Industries subsidiaries to check out tactical synergies. It thinks that several services within Koch can help in the administration of its considerable global supply chain and in power monitoring software development.
