On September 17th, 2012, Horizon Technology Finance Corp. (Farmington, Connecticut, U.S.) announced that it has closed a USD 7 million venture loan to SolarBridge Technologies Inc. (Austin, Texas, U.S.), a producer of module-integrated micro-inverters for the solar photovoltaic (PV) industry. The proceeds of the venture loan will be used to support SolarBridge's growth and expansion.

"We value our new partnership with Horizon and appreciate its confidence in our advanced technology and growth prospects. Horizon's experienced team of professionals provided an efficient and timely closing of our debt financing. With this boost to our liquidity, we can continue to address the need for cost-effective renewable energy and expand our business," SolarBridge President and Chief Executive Officer (CEO) Ron Van Dell stated.

2012-09-21 | Courtesy: Horizon Technology Finance | solarserver.com © Heindl Server GmbH

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