Suniva wraps up $75M financing round

Norcross-based solar cell manufacturer Suniva Inc. announced it has completed a $75 million financing round, which the company said it will use as it moves into promising solar energy markets.

“In a year when most companies lowered their expectations, the investment community recognized Suniva’s ability to execute,” said CEO John Baumstark.

Suniva makes high-value monocrystalline silicon solar cells. The company’s solar cell design and its plans for commercialization position it as a future leader in a growing industry, said an executive with Warburg Pincus, the private equity firm that led the funding round.