H.I.G. Growth Partners News

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David Briggs
Antenna Group (for Suniva)
415-977-1914
david@antennagroup.com

Suniva Awarded $5.7 Million in Clean Energy Manufacturing Tax Credits

Recovery Act to Accelerate Expansion, Job Creation For Georgia-Based Solar Manufacturer

NORCROSS, GA - January 15, 2010 - Suniva®, Inc., a U.S. based high-efficiency solar manufacturer, today announced it received $5.7 million in Recovery Act Advanced Manufacturing Tax Credits to expand its solar cell manufacturing facility in Norcross, GA.

Suniva started producing monocrystalline solar cells at its Norcross facility in October 2008 and now operates two solar cell production lines with an annual capacity of 100 MW. Currently, Suniva is preparing to construct its third manufacturing line in Norcross, which will increase production capacity by 75 percent and create more than 50 manufacturing jobs in 2010.

"In little more than a year, Suniva built the capacity to produce hundreds of millions of dollars worth of solar technology, and we’ve created over 130 green jobs in the process," said Suniva CEO John Baumstark. "These tax credits enable us to continue expanding and supplying the rapidly growing American solar market with products developed in American laboratories and made by American workers."

Suniva’s technology was developed through research conducted by Suniva founder and CTO Dr. Ajeet Rohatgi at the University Center for Excellence in Photovoltaics (UCEP), a U.S. Department of Energy-funded laboratory. Suniva’s solar cells and modules are installed globally in solar systems in the United States, Europe and Asia, including India’s first large-scale solar project located in West Bengal.

About Suniva
Based in Norcross, GA, Suniva® manufactures high-efficiency monocrystalline silicon solar cells and high power solar modules with low-cost techniques in order to make solar-generated electricity cost-competitive with fossil fuels. Suniva leverages exclusive licenses to critical patents and patent-pending intellectual property developed by founder and CTO, Dr. Ajeet Rohatgi, at the Georgia Institute of Technology's University Center of Excellence for Photovoltaic Research, which is funded by the Department of Energy. Led by an internationally regarded team of business executives and photovoltaic scientists, Suniva sells its advanced solar cells and modules Powered by Suniva™ worldwide, renewing U.S. solar energy leadership. For additional information, please visit www.suniva.com.