Silfab Solar Receives Strategic Growth Investment from ARC Energy Fund 9

Silfab Solar

Silfab Solar Inc., a Bellingham, Wash.-based leader in photo-voltaic (PV) module manufacturing, received an investment led by ARC Financial Corp.

The amount of the deal, which includes co-investments by Ontario Power Generation Inc. Pension Plan and BDC Capital’s Cleantech Practice, was not disclosed.

The company intends to use the funds to expand its US solar production and supply chain presence.

Led by Paolo Maccario, Chief Executive Officer, Silfab Solar is a North American leader in the design, development and manufacture of ultra-high-efficiency, premium quality PV modules. The company leverages 40 years of solar experience and technologies to produce solar modules from facilities in the state of Washington and Toronto, Canada. Each facility features multiple automated ISO 9001-2015 quality certified production lines utilizing just-in-time manufacturing.