Suniva secures $50 million for crystalline solar cell plant

Facebook
Twitter
LinkedIn
Reddit
Email

Suniva, Inc. has secured $50 million in a Series B round of funding
that will be used for the construction of a crystalline silicon solar
cell plant in Atlanta, Georgia, USA. Suniva has an exclusive license to
the patents and processes developed at UCEP over 15 years at the
Georgia Institute of Technology’s University Center of Excellence in
Photovoltaics (UCEP) by Dr. Ajeet Rohatgi (pictured).

“The innovative and proprietary technology and know-how that Suniva has
gained from its founder, Dr. Ajeet Rohatgi and Georgia Tech’s
University Center for Excellence in Photovoltaics (UCEP) over the past
15 years of research and development is astounding and unique in the
industry,” said Harry Weller, partner at New Enterprise Associates.
“Having an IEEE Cherry award winner who is one of the world’s top
scientists in solar power technology and the superb executive team of
leading industry veterans, which has joined him will enable Suniva to
take silicon-based solar power to the ultimate goal of mass adoption.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The
round was co–led by New Enterprise Associates, and Advanced Equities,
Inc. The Goldman Sachs Group, Inc. joined the round via its
wholly-owned subsidiary Cogentrix Energy, Inc.

Read Next

May 30, 2025
Independent power producer (IPP) Aquila Clean Energy has started construction on a 52MW agrivoltaics (agriPV) project in Italy.
May 30, 2025
The US added 7.4GW of new renewable energy capacity in the first three months of 2025, with deployments and planned projects concentrated in Republican-voting states.
May 30, 2025
Solar and wind curtailment have increased by 29% between 2023 and 2024 in California, according to the US Energy Information Administration.
May 30, 2025
Companies delayed or cancelled US$14 billion in investments in clean energy projects in the US in the first four months of this year.
May 30, 2025
Waaree Solar Americas – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a 586MW solar module supply agreement with an undisclosed independent power producer (IPP).
May 30, 2025
Spanish independent power producer (IPP) has unveiled two new solar-plus-storage projects, one in Central Chile and the other in Spain.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 8, 2025
Asia