By Daniel Webster, dWeb.News Publisher
BELLINGHAM, Wash.–(BUSINESS WIRE)–Silfab Solar Inc., a North American leader in photo-voltaic (PV) module manufacturing, today announced an investment led by ARC Financial Corp. (“ARC”) to significantly expand Silfab’s US solar production and supply chain footprint, and service the growing consumer appetite for American-made, premium-quality solar panels.
Silfab’s first investment in energy transition from ARC’s Energy Fund 9 includes coinvestments by Ontario Power Generation Inc. Pension Plan, and BDC Capital’s Cleantech Practice. ARC is one of the most established energy-focused private equity fund managers in North America and the investment reflects confidence in Silfab’s leadership team, its 40 years of solar experience, and the company’s ability to meet increasing solar demand. “Silfab continues making significant investments in domestic manufacturing equipment, technology of solar panel panels that will lead industry over the next 5 years,” stated Paolo Maccario (Silfab’s Chief Executive Officer). “ARC’s strategic investment in Silfab provides growth capital that allows Silfab to increase domestic production, sourcing, as well as opens new doors for modules. ARC’s North American focus complements the solar-specific knowledge of our shareholders. This commitment by both groups will also lead to more American solar jobs.” Silfab has manufacturing facilities throughout North America to service the growing US market. Silfab uses best-in-class automation for high-efficiency module production. It leverages partnerships for next generation technology applications and offers the industry-leading warranties for residential as well as commercial performance. “ARC spent considerable effort evaluating the industry for long-term investments that support and drive global energy transition. Brian Boulanger (CEO of ARC), said that Silfab’s North American-based staff, automated manufacturing expertise, product development pipeline, and dedicated customer focus all align with ARC’s commitment to supporting high quality businesses. “Based on the current PV solar demand forecasts, Silfab is ideally placed for significant growth. This investment ensures that the company is properly capitalised to execute its plan.”
Silfab produces the most durable, high-quality, and robust back-contact (PERC), PV modules for North American residential as well as commercial markets. Silfab was recently rated “Top Performer” by PV Evolution Labs. Silfab has seen more than 12 production capacity expansions, including the most recent with state-ofthe-art PV module assembly facilities in Washington.
For more information about Silfab’s entire product line, please visit http://www.silfabsolar.com.
About Silfab Solar
Silfab Solar is the North American leader in the design, development and manufacture of ultra-high-efficiency, premium quality PV modules. Silfab leverages 40 years of solar experience and best-in-class technologies to produce the highest-rated 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 to deliver Buy American approved PV modules specifically designed for and dedicated to the North American market.
About ARC Financial Corp.
Founded in 1989, ARC Financial Corp. is committed to building high-performing businesses that address the world’s energy and sustainability needs. To date, ARC has raised $6 billion across nine energy-focused funds since the launch of its private equity business in 1997, having invested capital in more than 180 companies across the energy landscape. ARC employs a variety of investment professionals who have extensive domain and capital market experience. They also have expertise in the entire energy spectrum. The ARC Energy Research Institute supports ARC’s investment strategies by proactively identifying key trends and building relationships with industry leaders, government, and entrepreneurs.
About BDC Capital
BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. BDC Capital is a strategic partner for the country’s most innovative companies, with more than $3 billion under management. It provides capital to businesses, including seed investments and growth equity. This supports Canadian entrepreneurs who want to be a leader on the international stage.
For more dWeb.News Business News: https://dweb.news/news-sections/business-news/