StockMarketWire.com - GLI Finance has agreed to invest $1.25m in Open Energy Group, a US marketplace for commercial solar investment, in return for a 21.6% equity stake in the business.

GLI will also extend a $5m revolving loan facility to underwrite solar project loans and Geoff Miller will be appointed to the Board of Open Energy Group.

Open Energy Group funds the growth of US solar power infrastructure by lending against high quality commercial solar power assets. OEG gives developers and operators of US commercial, industrial, and small utility-scale solar projects the opportunity to access non-recourse debt finance.



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