Canada-based Silfab Solar raised $100 million in new funding, including $50 million in equity led by ARC Financial and $50 million from a Green Loan managed by Breakwall Capital and SRAC. The funding will scale solar cell and PV module manufacturing at Silfab’s Fort Mill, South Carolina facility, which is expected to become operational by the end of the year. The expansion supports reshoring US-made solar products to meet domestic demand and aligns with global Green Loan Principles, as rated “Excellent” by Sustainable Fitch.
ARC and Breakwall Capital lead $100M financing for Silfab Solar
Silfab’s Fort Mill facility expansion supports reshoring of US made solar products. (Image Source: Silfab Solar)
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)