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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