Targray has announced the expansion of its solar supply chain finance program for PV module manufacturers, project developers, distributors, installers and contractors. Offered in partnership with Targray’s global banking partners, the solar supply chain finance program enables solar material buyers to optimize working capital through extended payment terms while helping their suppliers benefit from additional cashflow through accelerated payment.
“Despite strong growth in recent years, the solar industry continues to experience difficulties accessing the right financial tools for large and medium-sized projects,” says Targray solar business developer Oleh Kaluzny. “Our solar financing solution is helping PV companies take on more customers, grow their business and create new efficiencies to lower the cost-per-Watt their energy solutions can deliver.”
Initially developed to meet the needs of PV manufacturing customers in the mid-2000s, Targray’s finance program is now being expanded to support the requirements of solar industry participants across the supply chain.
