SunPower Rival Silevo Plans 200MW Solar-Module Factory in U.S.
This article is for subscribers only.
Silevo Inc., a U.S.-based solar manufacturer, plans to grab market share from SunPower Corp. by expanding production capacity sevenfold.
Silevo, which has raised $72 million in two financing rounds, is in talks with private-equity investors and financial institutions to close financing on a 200-megawatt cell and module plant in the U.S., said Christopher Beitel, executive vice president of global business development and planning. It currently produces cells at a 32-megawatt factory in China.