Business Wire·Nov 10, 2026, 7:00 AM ET

Update: Suniva Begins Expansion to Increase U.S. Solar Cell Capacity to 5.5 GW

Suniva has commenced construction on a new 4.5 GW solar cell manufacturing facility in Laurens County, South Carolina.
The approximately $600 million project is funded by cash on hand & an $835 million debt & equity financing package closed in early September 2026.
Initial production at the new site is expected in late 2027, with a full production ramp scheduled for 2028.
Upon completion, Suniva's total U.S. manufacturing capacity will increase from 1 GW to 5.5 GW, combining the new South Carolina site with its existing 1 GW Norcross, Georgia facility.
The expansion is projected to create approximately 560 new advanced manufacturing jobs in South Carolina's Upstate region, with hiring for technical & facilities support roles to begin in early 2027.
Long-term offtake agreements with leading U.S. solar companies cover the majority of the facility's planned production through 2030.
Suniva announced a definitive reverse merger agreement with SUNation Energy in June 2026, which would result in Suniva becoming a wholly-owned subsidiary of SUNation under the combined name Suniva Inc. & the Nasdaq ticker "SUNV".
The press release includes forward-looking statements regarding construction schedules, funding conditions, & the proposed merger, while noting risks related to regulatory approval, market conditions, & the impact of the One Big Beautiful Bill Act of 2025.