Oxford PV secures £8.1 million in further investment

Oxford Photovoltaics recently announced an equity investment of £8.1 million (around US $10.2 million), adding to the £8.7 million first close investment announced in October 2016. The bulk of this investment will reportedly come from three new strategic investors: Statoil ASA, Legal & General Capital and a technology-focused, innovative family fund investor.

Oxford PV recently announced the acquisition of a pilot line site in Germany and, in the beginning of December 2016, announced a Joint Development Agreement with a major solar panel manufacturer to scale the technology towards commercialization. This additional injection of funds will hopefully help accelerate these development activities as well as support the next generation product research in the UK.

Posted: Dec 07,2016 by Roni Peleg