US solar company Suniva to restart idled factory thanks to Biden climate law

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Suniva, the U.S. solar manufacturer that successfully fought for tariffs on cheap panels made overseas, will restart its Georgia cell factory next year thanks to incentives in President Joe Biden's landmark climate law, the company's president said in an interview.

The company is the latest to commit to new U.S. solar production capacity since passage last year of the Inflation Reduction Act , which subsidizes domestic manufacturing of clean energy equipment.

Suniva will begin producing solar cells, the building blocks of solar panels, at its Norcross, Georgia, facility in the spring of next year, the company said. The company received a $110 million financing commitment from New York investment fund Orion Infrastructure Capital earlier this year for its expansion. OICSuniva has been owned by New York investment firm Lion Point Capital since it exited bankruptcy in 2019.

 

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