Suniva completes $835M capital raise to build second US solar cell plant, quadrupling capacity to 5.5GW

SUNation Energy, Inc.

$835M raise combines senior secured credit from Goldman Sachs Alternatives and I Squared, second lien from JBA Asset Management, equity from Electron Capital, OIC, Rubric Capital.
New 4.5GW Laurens County, SC facility expected online late 2027, full ramp 2028; 621,468 sq ft shell already complete.
Project is ~$600M investment and 564 new jobs; existing Norcross, GA facility delivers 1GW capacity, more than quadrupling total.
Long-term product offtake agreements cover majority of planned production, de-risking expansion.
Merger with SUNation (Nasdaq: SUNE) remains on track; combined company to operate under Suniva name on Nasdaq.

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