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Suniva, a US-based monocrystalline silicon solar cell manufacturer, has completed an $835 million capital raise of debt and equity from Lion Point Capital, Goldman Sachs Alternatives and five other investors. It funds the company’s second US cell plant, a 4.5 GW facility in Laurens County, South Carolina, representing an investment of about $600 million. Suniva’s existing plant in Norcross, Georgia already delivers 1 GW, so the addition takes total capacity to 5.5 GW. Completion is due in late 2027 with a full ramp in 2028, and the plant should create 564 jobs. Tony Etnyre, Chief Executive Officer of Suniva, said that the company expects to meet the growing need for a US-based source of cells.
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