Atlanta, United States [RenewableEnergyWorld.com] Suniva Inc. announced plans to locate its first solar cell factory in Gwinnett County, Georgia. The new facility, located within the Atlanta metro area follows a successful US $50 million financing round led by New Enterprise Associates and Advanced Equities, Inc.
Suniva’s new factory could redefine the manufacturing process for high-efficiency solar cells, according to the company. The facility’s first line will have an initial capacity of 32 megawatts (MW) per year. The company is already planning additional lines and expects to expand to more than 100 MW of capacity 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.”