The Power of Banking Support Eases PVH’s American Expansion

25/03/2024

In the field of renewable energies, the importance of financial support from banks and financial institutions is crucial to the success of large-scale projects requiring major investments. Whether it is financing for capital investments, operating expenses or research and development, the economic backing from financial institutions is a key point for sustainable development and the global energy transition. For PVH this support plays a key role in their expansion plans, especially as they prepare to start production at their new facility in Houston. Access to financing enables PVH USA to execute its next strategic initiatives with confidence and efficiency.

Emilio Garcia, COO of PVH, stresses the crucial role of financial support in the company’s journey towards establishing its presence in the solar tracker manufacturing sector. “Financial support is essential to start operations in our new Houston factory” assures Garcia. “It provides us with the means to invest in state-of-the-art technology, streamline our production processes and offer high quality solar tracking solutions to our customers. We have a solid structure and the best engineering capability, but we’re also backed by bankability.”

In addition to banking support, securing backing from tax equity providers is equally crucial, especially in the initial stages of project production. These providers, who take ownership of the project during its early phases, play a significant role in facilitating PVH’s expansion plans. Notably, PVH has garnered support from big tax equity providers like