Suniva’s future certainly looks bright this morning.
The Norcross, Ga., solar company Chief Executive John Baumstark told Reuters that Suniva is sold out of solar cells and modules through the end of 2010.
Suniva also announced that it is being considered for a $141 million loan from the Energy Department that will be used to built a new 400-megawatt capacity manufacturing plant in Saginaw County, Michigan.
The $250 million plant will create 500 jobs at the company.
The loan guarantee will also allow Suniva, which makes high-efficiency monocrystalline silicon solar cells, to triple exports in five years and bring its total capacity to about 600 MW.
The company sends 90 percent of its products to Asia and Europe.
Suniva has been awash in good press recently, topping several lists of top cleantech companies.
The company also thrived in difficult times, raising $75 million in venture capital funding, led by Warburg Pincus, in July.
Baumstark told Reuters that the company would pursue an IPO when conditions are favorable.