After a successful second investment round, North American solar panel maker Silfab Solar can now formally announce plans to open a third U.S. solar module production facility that will include solar cell manufacturing. .
Silfab featured local news From Fort Mill, South Carolina, we were looking for a manufacturing site outside of Charlotte, North Carolina that could support 800 jobs.The solar company had first announced plans Started manufacturing solar cells Over a year ago. Silfab’s new ELITE solar panels are Proprietary X-pattern technology For cells that require in-house made cells.
Silfab said today that it believes its third US manufacturing facility will be fully operational in 2024, with an initial annual capacity of 1 GW of cells and 1.2 GW of solar panels.
Silfab CEO Paolo Maccario said:
Silfab, headquartered in Canada, Twin 400 MW solar module plant in Washington. With this third manufacturing plant of his, the company should reach 2 GW of panel capacity in the US.
The third plant was made possible by a $125 million investment from ARC Financial Corp.’s Energy Fund 9. This includes a co-investment by Manulife Financial Corporation, Ontario Power Generation Inc. Pension Plan, CF Private Equity and BDC Capital’s Cleantech Practice. ARC is an established private equity fund manager focused on energy.
“silfab has grown more than 40% since the ARC’s initial support. Our growth means more solar jobs for America and reliable energy that our customers use to reduce both their costs and their carbon footprint,” said Maccario. says Mr.