Silfab Solar raises $125M to fund U.S. cell manufacturing plant

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North American solar module manufacturer Silfab Solar said it has 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 be fully operational in 2024 with an initial annual capability of 1 GW cell production and an additional 1.2 GW of PV solar module assembly. 

“Domestic production of solar cells represents a strategic effort to further manage our supply chain and to apply our technical prowess from the ground up for a comprehensive manufacturing process,” Silfab CEO Paolo Maccario said in a statement.


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