Suniva plans partnership to restart manufacturing operations

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Jeremiah Silkowski, CEO of SQN Capital Management, commented:

US-based PV manufacturer Suniva has been released from bankruptcy proceedings and plans to restart manufacturing operations again with a partner, according to SQN Capital Management.

SQN Capital Management, was a shareholder in Suniva since its start-up days and post majority sale to China-based Shunfeng International Clean Energy in 2015.

SQN Capital said that it was “on the verge of determining which partner will provide the best path to revitalizing the company and meeting the overwhelming demand for Suniva's high-quality, high-efficiency products.”

It also led the Suniva US Section 201 petition that ended with US President, Donald Trump imposing new import duties on not only Chinese PV manufacturer’s imported solar cells and modules but effectively every country with the capability to import solar products into the US. 

Jeremiah Silkowski, CEO of SQN Capital Management, commented: “It has been a long year but a fight worth fighting. We are pleased now to have multiple attractive options as we look toward [to] Suniva's future.”

SQN Capital also noted that it had acquired Suniva’s technology, licenses, and manufacturing capacity. 

PV Tech assumes these assets was acquired from Shunfeng, which had written-off its investment in Suniva in 2017. Shunfeng has not made a financial filing in regard to the asset sale to the Hong Kong Stock Exchange, at time of publication.

Suniva and SQN Capital were in constant focus during the Section 201 trade case, not least from US solar trade body, SEIA. 

Post the Section 201 trade case, Leading ‘Silicon Module Super League’ (SMSL) member JinkoSolar has announced plans to build a 600MW module assembly plant in the US, followed by US-headquartered SunPower Corp acquiring Section 201 trade case supporter, SolarWorld America’s and its manufacturing operations. 

US-headquartered leading thin-film manufacturer First Solar also announced a second major manufacturing plant (1.2GW) would be built in the US and this week broke ground on the project. 

Another SMSL, Korean-owned Hanwha Q CELLS has recently announced a 1.6GW module assembly plant to be built in the US.
 
Before entering bankruptcy, Suniva had 400MW of cell and module capacity at its manufacturing facilities. 

Read Next

July 28, 2021
The New Jersey Board of Public Utilities (NJBPU) has unveiled formal plans to replace its existing solar support framework with a new incentive programme which will support up to 3.75GW of new solar over the next five years.
July 22, 2021
US Senate majority leader Chuck Schumer has failed in a bid to fast-track the US’ US$1.2 trillion infrastructure investment bill through the Senate. But there remains hope that further progress could be made as early as next Monday, when some Republican senators believe the bill will be fit to proceed.
July 15, 2021
A round-up of the latest stories from the US solar market, featuring proposals to support long-duration energy storage, patent successes from LONGi and the completion of a microgrid at Pittsburgh International Airport that features 20MW of solar.
PV Tech Premium
July 15, 2021
Earlier this week the US National Renewable Energy Laboratory (NREL) published its 2021 Annual Technology Baseline (ATB) document, detailing the continued reduction in the levelised cost of electricity (LCOE) of the country’s core generators. Liam Stoker takes a look at the data and discusses just how cheap solar, and solar-storage, could become.
July 15, 2021
Legislation that would ban the import of all products from China’s Xinjiang region into the US has taken a critical step forward, passing the US Senate.
July 12, 2021
Solar Module Super League (SMSL) member JinkoSolar has claimed a module conversion efficiency record of 23.53%, beating its previous record of 23.01% set in January.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK