Published

2 years ago

December 24, 2024

Alice Rush

Silfab Solar has closed on $100 million of new financing to scale its solar cell manufacturing plant in Fort Mills, S.C.

The $50 million equity investment was led by funds advised by ARC Financial and includes investment from their existing co-investors. The company additionally raised a $50 million senior secured financing, led by Breakwall Capital, and includes an investment from SR Alternative Credit.

The loan and financing are slated to advance the overall capacity of Silfab’s cell production and PV module manufacturing within its South Carolina facility, scheduled to be operational by the end of this year.

Sustainable Fitch provided a second-party opinion on the loan and considers the transaction to be structured in line with the Loan Market Association, Loan Syndications and Trading Association and Asia Pacific Loan Market Association Green Loan Principles.

“American-made clean energy is and will remain in huge demand,” says Paolo Maccario, Silfab president and CEO.

“We are thankful for the continued support of both existing and new investors in our mission to lead the reshoring of the PV supply chain – ensuring a sustainable supply of U.S.-made PV modules,” says Paolo Maccario, Silfab president and CEO.

“Silfab’s growing U.S. footprint and increase in domestic content means more jobs for Americans and a lower carbon footprint compared to imported panels.”

Norton Rose Fulbright acted as legal counsel to Silfab. Kirkland & Ellis acted as legal counsel to Breakwall Capital. Stikeman Elliott acted as legal counsel to ARC Financial. RCT Solutions acted as the independent engineer for Breakwall.

The post Silfab Solar Raises $100M to Scale Domestic Cell Manufacturing Facility appeared first on Solar Industry.

Silfab Solar Raises $100M to Scale Domestic Cell Manufacturing Facility

Renewable Energy

Jan 6

Published

15 hours ago

July 29, 2026

Alice Rush

Can’t swear that this is true but hoping so.

We must never forget.

The more visibility and the more frequent reminders we can get on this catastrophe in U.S. history the better.

Jan 6

Renewable Energy

California

Published

22 hours ago

July 28, 2026

Alice Rush

It’s almost funny when we hear that California is a socialist state, or a police state (due to our environmental restrictions), or that people are leaving in droves to go to Texas or Florida. When I come across people who say this, I wonder: have you ever actually been to California?

Do you know that the garden-variety 3 BR, 2 BA house here lists at about $1.2 million, where, if it were moved to, say, the Midwest, it would be worth perhaps $2500,000? Why do you think that could possibly be? Maybe the law of supply and demand doesn’t apply to the Marxist part of the nation?

Perhaps it’s because Californians are offered fantastic economic opportunities. We develop and implement ideas that improve the lives of everyone on Earth, and that we profit greatly from our undertakings.

Something for the MAGA crowd to consider.

California

Renewable Energy

Who or What Creates Wealth?

Published

23 hours ago

July 28, 2026

Alice Rush

The main way governments create wealth is by educating people so that they can become productive members of society. They also build roads and airports and maintain law and order so that honest businesses can thrive.

Anyone living now who believes that Elon Musk and Jeff Bezos are creating wealth for anyone but themselves is a total fool.

A ton of people bought into the concept expressed here in the mid-20th Century, but no semi-intelligent person today believes that tax breaks for billionaires/trillionaires generates a nickel for the common person.