Siva Power Acquires Process Equipment From Thin-Film Solar Manufacturers First Solar And Bloo Solar

The acquisition of process equipment from thin-film solar manufacturers First Solar and Bloo Solar, will enable Siva to progress its works.

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Siva Power has acquired process equipment from thin-film solar manufacturers First Solar and Bloo Solar. Additionally, the company's development facility has been expanded to 35,500 square feet. Siva also recently closed a convertible round with existing investors to extend operating funds.

The acquisition of process equipment from thin-film solar manufacturers First Solar and Bloo Solar, will enable Siva to progress its works.

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"I'm very pleased the company was able to acquire such high-quality tools; it will greatly enable Siva to progress our work," said company Vice President of Process and Equipment Development Robert G. Wendt.

Last month Siva Power announced that it has closed a Series D financing round, which along with other recent efforts has raised a total of $10 million in new capital for the California-based firm. The funding enables Siva to begin building a key production component and narrow down its site selection for where to establish the world's most cost-competitive manufacturing plant for highly efficient, low-cost solar panels. Siva is drawing on a brain trust of industry experts for its thin-film solar technology and announced that Bulent Basol, a globally recognized solar expert and pioneer, has joined its prestigious Technical Advisory Board.