Suniva, Inc. today announced that it has initiated expansion of its U.S. manufacturing capacity, bringing its U.S. total to over 400MW. This expansion is facilitated by the acquisition of a 63.13% share of Suniva by Shunfeng International Clean Energy.
"High demand for our products continues to validate that as the U.S. solar market matures, sophisticated buyers are increasingly valuing power density and quality," said John Baumstark, chairman and chief executive officer of Suniva. "This expansion was encouraged by the U.S. market's interest in high-quality, high-value American-made solar products."
Suniva employs the highest percentage of American workers among all other major solar module manufacturers. The new expansion will bring an additional 300 jobs to the U.S. solar manufacturing landscape.
"Developing cost-effective, high-efficiency solar solutions is an essential step in solving the world's energy challenges," said Mr. Eric Luo, chief executive officer of SFCE. "Suniva manufactures the best of American solar innovation, technology, and quality. We are excited to welcome Suniva into the SFCE family, along with its high quality investor group and management team, and work with Suniva to achieve its full potential in serving the U.S. solar market."