Saturday, July 9, 2011

MAGE SOLAR and De Lage Landen initiate partnership program

DUBLIN, IRELAND: MAGE SOLAR USA, part of the globally operating MAGE GROUP, has entered an Extended Terms Program with De Lage Landen Commercial Finance (CF) to provide an exceptional financing plan for the customers of the complete PV system provider.

The program offers qualifying integrators an alternative, cost-effective source of financing for the company's high-performing MAGE POWERTEC PLUS modules, its intelligent mounting systems and brand name inverters. MAGE SOLAR partners, who are eligible to participate in the program, have the opportunity to receive advances on all equipment purchases and choose among different financing options to optimize their cash flow management.

"We look forward to a thriving partnership with De Lage Landen Commercial Finance," says MAGE SOLAR USA president and CEO, Joe Thomas. "Being able to purchase our products with more ease and the backing of a strong and reliable partner like De Lage Landen, is a huge benefit to our integrator partners. Maximizing profits by eliminating long approval waiting periods is a tremendous plus in the booming PV-market and will give MAGE SOLAR's program partners yet another smart competitive edge."

"This is an exciting opportunity for De Lage Landen to provide MAGE SOLAR and their partner's with an alternative option to the standard funding approach. By understanding not only the demand for financing within the solar industry, but also the need for flexibility, we have developed a unique program available to MAGE SOLAR partners," says John C. Reed, president – De Lage Landen Commercial Finance.

"We are proud to support MAGE in bringing cash flow flexibility to their channel and helping to grow their relationships with developers, integrators and installers," adds Steve Sullivan, Business Development – Clean Technology.

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