9.5 C
London
Saturday, June 1, 2024
HomeFinTechSilfab Solar: Receives Strategic Growth Investment from ARC Energy Fund 9

Silfab Solar: Receives Strategic Growth Investment from ARC Energy Fund 9

Date:

Silfab Solar Receives Strategic Growth Investment from ARC Energy Fund 9

  • Silfab Solar Inc., a Bellingham, Wash.-based leader in photo-voltaic (PV) module manufacturing, received an investment led by ARC Financial Corp
  • The amount of the deal, which includes co-investments by Ontario Power Generation Inc. Pension Plan and BDC Capital’s Cleantech Practice, was not disclosed
  • The company intends to use the funds to expand its US solar production and supply chain presence
  • SilfabSolar is a North American leader in the design, development and manufacture of ultra-high-efficiency, premium quality PV modules
  • The company leverages 40 years of solar experience and technologies to produce solar modules from facilities in the state of Washington and Toronto, Canada
  • Each facility features multiple automated ISO 9001-2015 quality certified production lines utilizing just-in-time manufacturing

Related stories

Stanbic Bank Kenya set for Temenos core banking upgrade with Orion Innovation

Company: Stanbic Bank Kenya, part of South Africa’s...

Stephen Bird to exit Abrdn after four years as group CEO

Company: Abrdn, UK asset management firm. CEO Departure:...

Turkey’s Colendi reportedly raises $65m Series B funding led by Citi

Company: Colendi, a Turkish digital banking start-up. Funding:...

Former Stripe exec Gang Wang joins Nuvei as CTO

Company: Nuvei, a Canadian payments processor. New Hire:...

Climate fintech start-up Cloover secures $114m in seed funding round

Company: Cloover, a Berlin-based climate fintech. Funding: Raised...

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

spot_img