The rooftop solar installer has agreed to raise $50m in equity funding and up to $54m in convertible note financing from solar project developer Solegreen.
Solar power project developer Solegreen has agreed to provide up to $104m in equity and convertible note financing for US-based rooftop solar system installer Kuubix.
Kuubix produces solar photovoltaic systems that have been installed on the rooftops of homes and businesses across six southern and southwestern US states, selling them through a network of dealers. It made $9m in gross profit in 2020 from $35.5m in revenue.
The deal will consist of $50m of equity funding and up to $54m…
