Montreal, Canada – 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 cash flow 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.
Targray is an international leader in the sourcing, transporting, storage, financing and supply of commodities and specialty materials for renewable energy industries. Drawing on 3 decades of experience in international trade, logistics, and risk management, the company is focused on delivering an effective mix of products and services to create sustainable value for its customers in over 50 countries.
About the Solar Division
Established in 2005, the Targray Solar Division is an international provider of PV materials and supply chain solutions for photovoltaics manufacturers, EPCs, and solar project developers. The Solar Division is committed to providing differentiated value through ongoing product and process innovation. It works collaboratively with partners on enhancing product features, lowering lead times, unlocking inventory dollars, improving cash flow and managing risk across the supply chain.
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