Silfab Solar Secures Strategic Growth Investment from ARC Energy for Significant Expansion
BELLINGHAM, Wash. (September 15, 2021)—Silfab Photo voltaic Inc., a North American chief in photo-voltaic (PV) module manufacturing, at this time introduced an funding led by ARC Monetary Corp. (“ARC”) to considerably increase Silfab’s US photo voltaic manufacturing and provide chain footprint, and repair rising client urge for food for American-made, premium high quality photo voltaic panels.
SEPTEMBER 15, 2021BELLINGHAM, WASHINGTON
BELLINGHAM, Wash. (September 15, 2021)—Silfab Photo voltaic Inc., a North American chief in photo-voltaic (PV) module manufacturing, at this time introduced an funding led by ARC Monetary Corp. (“ARC”) to considerably increase Silfab’s US photo voltaic manufacturing and provide chain footprint, and repair rising client urge for food for American-made, premium high quality photo voltaic panels.
Silfab is the primary power transition funding from ARC’s Vitality Fund 9, and contains co-investments with Ontario Energy Era Inc. Pension Plan and Cleantech Observe of BDC Capital. ARC is without doubt one of the most established energy-focused non-public fairness fund managers in North America and the funding displays confidence in Silfab’s management staff, its 40 years of photo voltaic expertise, and the corporate’s capability to reply to growing photo voltaic demand.
“Silfab continues to make important investments in home manufacturing gear and expertise in photo voltaic panels that can lead the {industry} over the subsequent 5 years. mentioned Paolo Maccario, Chief Government Officer of Silfab. “ARC’s strategic funding gives progress capital that permits Silfab to extend home manufacturing. and sourcing, and opens extra doorways to a brand new technology of modules. ARC’s power focus in North America provides to the solar-specific acumen of our present shareholders and this dedication from each teams can even imply extra photo voltaic jobs within the Americas.
With manufacturing services throughout North America to serve the increasing US market, Silfab makes use of best-in-class automation for ultra-high effectivity module manufacturing, leveraging partnerships for next-generation technology expertise functions, and gives industry-leading warranties for residential and industrial efficiency.
“ARC has devoted appreciable effort to evaluating the photo voltaic {industry} for long-term funding alternatives that help and drive the worldwide power transition. Silfab’s North American-based staff, automated manufacturing know-how, product growth pipeline and devoted buyer focus align with ARC’s dedication to supporting high-quality companies,” mentioned Brian Boulanger, CEO of ARC. “Primarily based on present demand forecasts for PV photo voltaic, Silfab is nicely positioned for important progress and this funding ensures that the corporate is correctly capitalized to execute its plan.”
Silfab manufactures the very best rated, most sturdy and highly effective back-contact and mono passivated emitter and rear contact (PERC) PV modules for the residential and industrial markets in North America. Silfab lately earned “Prime Performer” rankings underneath PV Evolution Labs’ rigorous testing course of. Silfab has recorded greater than a dozen manufacturing capability expansions, most lately at state-of-the-art PV module meeting vegetation in Washington state.
To examine Silfab’s total product line, go to www.silfabsolar.com.
About Silfab Photo voltaic
Silfab Photo voltaic is the North American chief within the design, growth and manufacture of ultra-high-efficiency, premium high quality PV modules. Silfab makes use of 40 years of photo voltaic expertise and best-in-class applied sciences to provide top-of-the-line photo voltaic modules from services in Washington state and Toronto, Canada. Every facility has a number of automated ISO 9001-2015 high quality licensed manufacturing traces that use just-in-time manufacturing to ship Purchase American permitted PV modules particularly designed and devoted to the North American market. www.silfabsolar.com
About ARC Monetary Corp.
Based in 1989, ARC Monetary Corp. dedicated to constructing high-performing companies that meet the world’s power and sustainability wants. So far, ARC has raised $6 billion in 9 energy-focused funds since launching its non-public fairness enterprise in 1997, investing capital in additional than 180 firms worldwide within the power sector. ARC has a various staff of funding professionals with deep area and capital market expertise and experience throughout the power spectrum. ARC Vitality Analysis Institute helps funding methods, proactively identifies key developments, and builds relationships with entrepreneurs, {industry} leaders, and authorities.
www.arcfinancial.com
About BDC Capital
BDC Capital is the funding arm of BDC, the financial institution for Canadian entrepreneurs. With over $3 billion underneath administration, BDC Capital serves as a strategic companion to the nation’s most revolutionary firms. It gives companies a full spectrum of capital, from seed funding to progress fairness, supporting Canadian entrepreneurs with the ambition to face on the world stage.
www.bdc.ca/capital
Media Contact for Silfab Photo voltaic:
Geoff Atkins
Electronic mail: g.atkins@silfabsolar.com
Tel: +1-905-255-2501 Ext. 737
www.silfabsolar.com
