Trine and Greenlight Planet join forces in bringing solar energy to half a million people
For the first time the industry leader, Greenlight Planet, has sourced debt financing from individuals.
Trine connected 1 822 investors with Greenlight Planet to fully fund the €1.8 million loan. To date, this is the largest single transaction that has been funded through Trine’s platform. It is also the first loan targeted towards the rapidly growing solar market in India.
“Greenlight Planet is a pioneer in off-grid electrification and a success story as one of the few players in the industry that is profitable. The huge potential of the Indian market, in combination with high impact, makes this investment particularly interesting. We are happy that the first step of our collaboration with Greenlight Planet is a success and we look forward to developing this partnership further,” said Viktor Andersson, Debt Portfolio Manager of Trine.
The strategic partnership between Trine and Greenlight Planet sets out to answer the off-grid solar industry’s strong demand for innovation in distribution and financing.
Source: jointrine
