Suniva's $350M South Carolina Bet Carries Catastrophic Capital Risk as Reverse Merger Clouds Financing
Suniva, the only U.S.-owned solar cell manufacturer, is planning a $350M South Carolina facility that would expand capacity 4.5x from 1 GW nameplate. A concurrent reverse merger creates an untested combined entity, raising the likelihood of cost overruns, construction delays, and financing disruption. Risk assessors rate the scenario catastrophic severity with high likelihood.
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