Oxford PV recently announced it has closed its Series D funding round. An additional £34 million, following the £31 million first close, brings the funding round total to £65 million.
The first close, announced in March 2019, included a significant new investment from Goldwind, the leading provider of integrated renewable energy solutions in China, as well as investment from existing shareholders including Equinor and Legal & General Capital. The additional funds include the major new investment from Meyer Burger, the leading photovoltaic equipment supplier, announced in March 2019, with the remaining investment coming from other new and existing investors.
In March 2019, Oxford PV announced its plans to move into volume production when it signed a collaboration agreement with Meyer Burger. As part of the agreement, Meyer Burger will install a 200 MW silicon heterojunction solar cell line, enhanced with production equipment for the perovskite top cell, at Oxford PV's site in Brandenburg an der Havel, Germany. The fully integrated line will commence perovskite-on-silicon tandem solar cell production at the end of 2020.