Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group, has made a $150 million investment in GameChange Solar Holdings Corp, a major US producer of racking and tracker systems for utility-scale solar power plants, to support the company’s strategic development goals.
As per the company’s press release, the preferred stock investment, if converted, would represent a minority stake in GameChange. In addition to the new capital investment, GameChange and several Koch Industries subsidiaries have committed to working together to explore strategic synergies across key companies, such as KBX, which provides global transportation, logistics, and technology solutions through high-tech tools and services, and Koch Engineered Solutions. Furthermore, the investment is expected to support the development of the margin-enhancing balance of system solutions, such as a new 2P tracker technology, a fixed-tilt system, and enhanced tracker software.
GameChange Solar, founded in 2012 was ranked as the third-largest solar tracker company domestically and the sixth-largest vendor globally in 2020 by Wood Mackenzie. The company manufactures fixed tilt and tracker solar racking systems with innovative design and high volume manufacturing.
REGlobal’s Views: KSP’s investment in this solar tracker and mounting system manufacturing company comes at an ideal time as the US solar market is expanding rapidly thereby creating an enhanced demand for such equipment.
