Articles from Suniva

Suniva, the largest and oldest U.S. merchant manufacturer of high-efficiency monocrystalline silicon solar cells (“Suniva” or the “Company”), today announced the completion of an $835 million capital raise comprising both debt and equity financing. The financing was provided by a group of top-tier financial partners, including Suniva’s largest shareholder and long-term backer, Lion Point Capital, and consists of senior secured credit facilities provided by funds managed by Goldman Sachs Alternatives and I Squared Capital, a second lien credit facility provided by JBA Asset Management, and equity investments by Electron Capital Partners, Orion Infrastructure Capital (OIC), and Rubric Capital Management, along with certain other investors. The new capital will fund construction of Suniva’s second U.S. solar cell manufacturing facility and accelerate the Company’s rapid expansion to a total of 5.5 GW of American-made solar cell capacity, a decisive step toward U.S. energy independence. Roth Capital Partners served as lead private placement agent to Suniva. Gibson, Dunn & Crutcher LLP served as legal counsel to Roth. Rodman & Renshaw served as a financial advisor to Suniva. J.P. Morgan acted as the sole structuring agent to Suniva. Kilpatrick Townsend & Stockton LLP served as legal counsel to Suniva.

Suniva, the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells, today announced that it has entered agreements to bring a state-of-the-art 4.5GW solar cell manufacturing facility to Laurens, South Carolina, with a projected opening in the 2nd Quarter of 2027. The new facility, coupled with Suniva’s existing facility at its headquarters in metro Atlanta, will bring the company’s total domestic solar cell manufacturing capacity to over 5.5GW annually — the largest of any merchant solar cell manufacturer in the United States.

Suniva, the largest and oldest U.S. manufacturer of high-efficiency monocrystalline silicon solar cells and Imperial Star Solar, a Texas-based manufacturer of American-made solar PV modules, today announced the execution of a multi-year strategic sourcing agreement.