Suniva Inc., a manufacturer of crystalline silicon solar cells, announced plans to locate its first solar cell factory in Gwinnett County, Georgia. The announcement of the facility, to be located within the Atlanta metro area, follows a $50 million financing round led by New Enterprise Associates and Advanced Equities, Inc.
Currently headquartered in Atlanta, Suniva expects its new facility to create approximately 100 additional solar jobs in the region within its first year of operation.
Suniva’s new factory is designed to redefine the manufacturing process for high?efficiency solar cells in order to bring down the cost of photovoltaics, with an initial capacity of 32 megawatts (MW) on its first line.
The company is planning additional lines and expects to scale to more than 100 MW over the next two years.
“As the solar industry looks to bring down costs and compete with conventional power, Suniva has built the team and the technology to execute on our vision of low?cost, high?efficiency solar energy,” said John Baumstark, CEO of Suniva. “We are pleased to be moving into our next phase of growth close to home, and we are interested in working with state and local government to create an ecosystem of clean energy companies in the Atlanta metro area.”
About Suniva
Based in Atlanta, Suniva develops, manufactures and markets crystalline silicon photovoltaic (PV) cells for clean solar power generation. The company has an exclusive license to critical patents and patent?pending intellectual property developed by founder and CTO Dr. Ajeet Rohatgi at the Georgia Institute of Technology’s University Center of Excellence in Photovoltaics.
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