Suniva makes $480 million deal with Indian firm

Suniva, the Norcross-based solar tech start-up, continues to rack up sales — even before the company has begun large-scale production.

The company announced a $480 million deal Thursday that brings its total sales to nearly $1 billion through 2013.

The agreement to sell solar power cells is with Titan Energy Systems, a solar module manufacturer in India.

The deal follows closely on Suniva’s announcement that it would be selling $500 million in cells to Solon AG, a large European solar module maker.

Suniva is based on technology developed by Georgia Tech professor Ajeet Rohatgi that is said to make solar cells cheaper to produce and more efficient.

The company is retrofitting an existing industrial building in Norcross for its manufacturing plant, which is expected to come online by the end of the year.Suniva