Silfab Solar Secures Strategic Growth Investment from ARC Energy Fund 9 for Significant Expansion | Business
BELLINGHAM, Wash. – (BUSINESS WIRE) – Nov. September 2021–
Silfab Photo voltaic Inc., a North American chief within the manufacture of photovoltaic (PV) modules, right this moment introduced an award from ARC Monetary Corp. (“ARC”) -developed funding to considerably broaden Silfab’s US photo voltaic manufacturing and provide chain presence and to fulfill rising shopper appetites for US-made, high-quality photo voltaic panels.
Silfab is the primary funding within the power transition from ARC’s Power Fund 9 and consists of co-investments of the Ontario Energy Era Inc. pension plan and the cleantech apply of BDC Capital. ARC is likely one of the most established energy-focused personal fairness fund managers in North America and the funding displays the arrogance within the Silfab management group, 40 years of photo voltaic expertise and the corporate’s capability to fulfill rising photo voltaic wants.
“Silfab continues to make vital investments in home photo voltaic panel manufacturing gear and know-how that can lead the {industry} over the subsequent 5 years,” mentioned Paolo Maccario, Silfab’s chief govt officer. “ARC’s strategic funding offers development capital that can allow Silfab to extend home manufacturing and procurement and open extra doorways to new generations of modules. ARC’s North American power focus enhances the solar-specific acumen of our earlier shareholders, and this dedication by each teams will even imply extra American photo voltaic jobs. “
With manufacturing services throughout North America to serve the increasing US market, Silfab leverages world-class automation to supply ultra-high effectivity modules, leverages partnerships for next-generation know-how functions, and affords industry-leading warranties for residential and industrial efficiency.
“ARC has gone to nice lengths to check the photo voltaic {industry} for long-term funding alternatives that can assist and drive the worldwide power transition. Silfab’s North American-based group, data of automated manufacturing, product improvement pipeline, and devoted buyer focus all align with ARC’s dedication to supporting top quality companies, ”mentioned Brian Boulanger, CEO of ARC. “Based mostly on the present forecast of demand for photo voltaic PV techniques, Silfab is ideally positioned for vital development and this funding ensures that the corporate is sufficiently capitalized to implement its plan.”
Silfab manufactures the best high quality, most lasting, excessive performing again contact and monopassivated emitter and again contact (PERC) PV modules for the North American residential and industrial market. Silfab was just lately named a “Prime Performer” below the rigorous PV Evolution Labs testing course of. Silfab noticed greater than a dozen manufacturing capability expansions, most just lately with state-of-the-art PV module meeting vegetation in Washington State.
To be taught extra about Silfab’s full line of merchandise, go to www.silfabsolar.com.
About Silfab Photo voltaic
Silfab Photo voltaic is the North American market chief within the design, improvement and manufacture of extremely environment friendly, premium high quality PV modules. Silfab leverages 40 years of photo voltaic expertise and world-class know-how to supply the top-rated photo voltaic modules from services in Washington state and Toronto, Canada. Every facility has a number of automated, ISO 9001-2015 licensed manufacturing strains with just-in-time manufacturing to ship Purchase American accredited PV modules particularly designed for the North American market.
www.silfabsolar.com
About ARC Monetary Corp.
ARC Monetary Corp. was based in 1989 and is dedicated to constructing excessive performing corporations that meet world power and sustainability wants. To this point, since beginning its personal fairness enterprise in 1997, ARC has raised $ 6 billion by means of 9 energy-focused funds and has invested capital in additional than 180 corporations throughout the power panorama. ARC has a various group of funding specialists with in depth {industry} and capital market expertise and experience throughout the power spectrum. The ARC Power Analysis Institute helps its funding methods, proactively identifies key developments and builds relationships with entrepreneurs, {industry} leaders and the federal government.
www.arcfinancial.com
About BDC Capital
BDC Capital is the funding arm of BDC, the financial institution for Canadian entrepreneurs. With over $ 3 billion in belongings below administration, BDC Capital serves as a strategic companion to probably the most modern corporations within the nation. It offers a full spectrum of capital to companies, from seed investments to development capital, and helps Canadian entrepreneurs bold to distinguish themselves on the world stage.
www.bdc.ca/capital
View supply model on businesswire.com: https://www.businesswire.com/information/residence/20210915005416/en/
CONTACT: Media contact for Silfab Photo voltaic:
Geoff Atkins
Electronic mail: g.atkins@silfabsolar.com
Tel: + 1-905-255-2501 ext. 737
www.silfabsolar.com
KEYWORD: WASHINGTON UNITED STATES NORTH AMERICA CANADA
INDUSTRY KEYWORD: MANUFACTURING ENVIRONMENT FINANCE RIDING BUILDINGS BANKS OTHER CONSTRUCTION & REAL ESTATE PROFESSIONAL SERVICES ARCHITECTURE HOUSING & REAL ESTATE ENTERTAINMENT ELECTRONICS TECHNOLOGY COMMERCIAL CONSTRUCTION & REAL ESTATE ENERGY COMPANIES
SOURCE: Silfab Photo voltaic Inc.
Copyright Enterprise Wire 2021.
PUB: 09/15/2021 8:02 am / DISC: 09/15/2021 8:03 am
http://www.businesswire.com/information/residence/20210915005416/en
Copyright Enterprise Wire 2021.