Published: 2010-06-21
Boston, United States –Inverter manufacturer, Satcon Technology has entered into a US $12 million subordinated debt facility with Horizon Technology Finance. The company said that it plans to use the proceeds of this transaction as working capital as it plans for continued worldwide growth.
In April, Satcon received an order for 150 megawatts (MW) of its 500-kilowatt (kW) solar photovoltaic inverters from GCL Solar Limited, one of China’s largest utility solar power plant developers and suppliers.
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