SEM Wafertech and Solar4America, owned by global renewable energy company SPI Energy, announced plans to establish a new solar module manufacturing facility in Sumter County, South Carolina. The $65.9 million investment will create 300 new jobs.
SEM Wafertech is a leading solar wafer manufacturer whose products serve commercial, residential and industrial energy generation and storage needs. SEM Wafertech aims to use the new facility to expand its production capacity to three gigawatts by 2024.
Solar4America is also a leading solar components manufacturer. Jointly with its first facility in Sacramento, California, Solar4America will manufacture a wide variety of solar modules and plans to increase its production capacity to 2.4 gigawatts by the end of the year.
The new, world-class facility will help both entities meet their customers’ increased demand for a variety of locally-sourced solar wafers and panels.
Parker Poe Consulting was delighted to assist SEM Wafertech and Solar4America with this strategic expansion.
For more information about this announcement:
Parker Poe Consulting is a corporate site selection and economic incentives consulting firm. The Parker Poe Consulting team provides site selection services to find data-driven solutions for clients who are expanding their footprints and considering new capital investments and job creation. Parker Poe Consulting also provides economic incentives consulting services to growing companies, helping clients navigate and negotiate incentives for economic development projects. From global conglomerates to family-owned businesses, Parker Poe Consulting positions companies to make informed project decisions that will maximize operational effectiveness while reducing costs.