Solar manufacturer Suniva gets $75 million in funding

Los Angeles, July 27, 2009 — U.S. solar startup Suniva completed a $75 million financing round led by private equity firm Warburg Pincus.

The funding will be used to expand manufacturing capacity a Suniva plant in Georgia by as much as 100 MW per year, the company said.

APEX Venture Partners and returning Suniva investors New Enterprise Associates, HIG Ventures and Advanced Equities also participated in the Series C financing round, Suniva said.

Suniva’s customers include Norway’s Renewable Energy Corp., Germany’s Solon SE and India’s Titan Energy.

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