Suniva Bets $350M on U.S. Solar Independence — With Catastrophic Capital Risk Attached
Suniva, America's only domestically owned solar cell manufacturer, is expanding a South Carolina plant from 1 GW to 4.5 GW capacity at a cost of $350M. Risk assessors rate the capital exposure catastrophic severity and high likelihood. A simultaneous reverse merger leaves the combined entity with no operational track record to underwrite a nine-figure construction loan.
Salvado•