Silfab Solar secures investment to support US module manufacturing expansion

September 16, 2021
Facebook
Twitter
LinkedIn
Reddit
Email
Silfab started shipping products from a new plant (pictured) in Washington state last month. Image: Silfab Solar.

North American module manufacturer Silfab Solar has received investment led by private equity firm ARC Financial Corp to help scale up its US PV production footprint.

Led by ARC’s Energy Fund 9 and including co-investment from utility Ontario Power Generation and BDC Capital, the investment arm of the Business Development Bank of Canada, the funding – the amount of which has not been dislcosed – will support Silfab’s expansion as it responds to increased demand for American-made modules, the manufacturer said.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

With operations in Toronto, Canada, and the US state of Washington, Silfab manufactures PERC modules for the North American residential and commercial markets.

“ARC’s strategic investment provides growth capital that enables Silfab to increase domestic production and sourcing, and opens additional doors to new generations of modules,” said Silfab CEO Paolo Maccario.

The funding comes weeks after Silfab began shipping products from a new plant in Burlington, Washington, that has doubled the manufacturer’s annual production capacity to around 800MW. That expansion followed Silfab securing a US distribution deal for its modules with BayWa r.e. earlier in the year.

Silfab Solar is also among the beneficiaries of new funding from the US Department of Energy as part of a programme aimed at spurring domestic solar manufacturing. Silfab and SunFlex Solar have been awarded US$3 million to scale aluminium backsheets for silicon modules to replace existing copper ones on which electrical connections are printed.

Silfab’s manufacturing expansion follows Canadian company Heliene last week revealing plans to expand a module production facility Minnesota, taking its total manufacturing capacity up to 900MW.

Read Next

October 29, 2025
US solar manufacturer Corning has brought online its wafer production at its Michigan plant, during the third quarter of 2025.
October 28, 2025
GreenYellow plans to invest US$116 million in Poland over the next three years to expand its installed capacity and customer base.
October 23, 2025
Aviva Investors and Astatine have announced an €800 million (US$928 million) investment in renewable energy and decarbonisation solutions.
Premium
October 17, 2025
According to Ronak Maheshwari of CRC-IB, there has been a struggle for US renewable power projects to secure necessary equity .
October 16, 2025
Masdar and Turkey have entered the final stage of US$1 billion agreement to develop the 1.1GW plant in Bor, Niğde Province, central Turkey.
Premium
October 14, 2025
Perovskite, tariffs, Section 232 and FEOC were among the key topics discussed at PV CellTech USA this year in San Francisco.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany