- Silfab Solar has raised $125 million to fund a new cell and module manufacturing plant in the U.S.
- The company anticipates that the plant will be fully operational in 2024.
North American solar module manufacturer Silfab Solar said it had raised $125 million to fund a new cell and module manufacturing plant in the U.S.
The facility would be Silfab’s third to open in the U.S. The company anticipates that the plant will become fully operational in 2024 with an initial annual capability of 1 GW cell production and an additional 1.2 GW PV solar module assembly.
Silfab CEO Paolo Maccario said: “Domestic production of solar cells represents a strategic effort to manage our supply chain further and to apply our technical prowess from the ground up for a comprehensive manufacturing process.”
Silfab said it would later share additional details, including the facility location. It said the plant would support 800 jobs.