SPI Energy Co. a provider of solar, storage and electric vehicle (EV) solutions announced its SPI Solar business acquired the existing lease for the original 140,000 square foot Sunergy PV solar plant in Sacramento, California. Sunergy filed Chapter 11 bankruptcy in January 2021.
“This represents a significant value add for SPI and our growing solar business,” stated Mr. Denton Xiaofeng Peng, Chairman & Chief Executive Officer of SPI Energy. “With a two-decade history, we are one of the global pioneers in solar manufacturing. Now with this facility, we can further support our growth and the expanding green economy with a California-based solar module manufacturing facility that enables us to deliver Made-in-USA products.”
SPI plans to start serving the U.S. market in Q1 2022, while upgrade the facility with new technology and equipment, ramping to full solar module production capacity of 1.1 gigawatt (GW) in the second half of 2022.
The state-of-the-art facility will be designed using advanced manufacturing equipment already established by SPI Solar. Combining California’s highly skilled workers and with machine-to-machine connectivity, it will feature a high degree of precision automation and continuous improvement for manufacturing PV modules.
“California is an attractive market for SPI Solar,” continued Peng. “It is an inherently sustainable market, underpinned by a growing economy and appetite for energy, with a well-defined PV goal that will need over 1.1 GW of solar to be produced from our factory for the foreseeable future.Our industrial policy is designed to enable this domestic PV manufacturing facility to make high quality and efficient panels for the local markets here in the US. Since California stands apart in the PV solar supply chain, we’re very pleased to be able to support the sustainable energy ambition with our American-designed and manufactured solar technology.”
The U.S. installed 3.8 GW of solar PV capacity in Q3 2020 to reach 88.9 GW of total installed capacity, enough to power 16.4 million American homes. Wood Mackenzie forecasts 43% annual growth in 2020, with more than 19 GW of installations expected. In total, the U.S. solar market will install more than 107 GW of solar over the next five years.