Cleantech America, Inc., a developer of utility-scale photovoltaic (PV) solar farms headquartered in San Francisco, Calif., announced that it has received Series B funding from Wafer Works Corp., a Taiwan-based company that owns a major stake in Solargiga Energy Holdings Ltd.
"We are delighted to be in a business relationship with Wafer Works Corp. and Solargiga Energy Holdings, Ltd. There is great synergy between our companies," Bill Barnes, CEO, Cleantech America, Inc. said. "Our business is developing a large, long-term pipeline of utility-scale renewable projects. Wafer Works and Solargiga provide the critical mid-stream components in the manufacture of highest quality crystalline silicon solar panels and as such, are in a unique strategic position to increase the efficiencies while impacting costs and supply of end product solar panels."
Barnes noted that Cleantech America Inc.’s relationship with the two Asian firms provides operating capital and a unique window to partnering opportunities in Asia. In return Wafer Works Corp. and Solargiga Energy Holdings, Ltd. have better access to and understanding of the complex solar development process in the U.S. and especially California and the western states which are leading growth markets for photovoltaic solar power.
About Cleantech America, Inc.
Cleantech America, Inc. is a U.S. developer of utility-scale, environmentally clean solar farms and other renewable energy projects. The firm’s principal business is providing renewable electricity for sale to utilities, municipalities and other customers. Two of its current projects, the 5-megawatt CalRENEW-1, being developed under long-term power purchase agreement with PG&E, and the 80-megawatt Kings River Conservation District Solar Farm, will be among the largest utility-scale photovoltaic solar farms in the world upon completion.
About Wafer Works Corp.
Wafer Works Corp., with offices in Taiwan, China, and Fremont, CA, is a global electronic materials supplier for high quality crystalline silicon wafers. Wafer Works Corp. holds a major interest in Solargiga Energy Holdings, Ltd., which supplies solar manufacturers with single crystal silicon ingots and wafers. Solargiga Energy Holdings, Ltd. has manufacturing facilities in Jinzhou city and Shanghai (Peoples Republic of China).
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