Suniva to Open New Solar Manufacturing Facility in Atlanta, Georgia Metro Area

June 5, 2008 – Vol.13 No.11

Suniva to Open New Solar Manufacturing Facility in Atlanta, Georgia Metro Area.

The company’s new factory in Gwinnett County is designed to redefine the manufacturing process for high-efficiency solar cells in order to bring down the cost of photovoltaics, according to the company. The initial capacity will be an annual production of 32 megawatts (MW) on its first line. The company is already planning additional lines and expects to scale to more than 100 MW over the next two years.

Governor Sonny Perdue spoke about the company's local expansion saying, “"I am pleased that Suniva, one of Georgia's homegrown technology leaders, has chosen to locate its new solar cell manufacturing facility here," said Governor Perdue. "Following our commitment to becoming a Bioenergy Corridor, Suniva's production commitment has expanded our clean energy success into the solar arena, and the company is poised to create well-paying jobs for our state and raise our profile in the international cleantech market."

Suniva expects its new facility to create approximately 100 additional jobs in the region within its first year of operation.

The expansion follows a successful $50 million financing round led by New Enterprise Associates and Advanced Equities, Inc.

Currently based in Atlanta, Suniva develops, manufactures and markets high-value crystalline silicon photovoltaic (PV) cells. (6/5/08)

Links:

Suniva
http://www.suniva.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No