DOE Shines $141M on Suniva

4/2/10

Suniva, a Norcross, GA, manufacturer of silicon solar cells, announced on April 1 that it will build a new manufacturing plant in Michigan’s Saginaw County after being selected for a $141 million loan guarantee from the U.S. Department of Energy. The announcement comes after Suniva was lured to Michigan in October 2009 through a $15 million tax credit over five years granted by the Michigan Economic Growth Authority. According to the Michigan Economic Development Corporation, Suniva’s new  manufacturing plant will create 500 direct jobs and 2,000 indirect ones. Suniva says it will use the loan to more than triple exports in the next five years. Ninety percent of its products are exported to Asia and Europe.

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