Solar Installer Kuubix Secures Up To $104M As Part Of An Investment Transaction Setting Stage For Continued Aggressive U.S. Expansion

Today, Kuubix announced an agreement with Solegreen LTD (TASE: SLGN) an Israeli solar developer. Under the terms of the agreement Solegreen is expected to invest up to $104 million in the company over the next two years in the form of equity and convertible loans. The investment will enable the company to continue its expansion of residential and commercial installation capacity in California, Texas, Nevada and Florida.