» Financial

Financial

Oxford PV closes £65 million funding round

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.

Read the full story Posted: Jul 07, 2019

DoE announces $130 Million for early-stage solar research project

The U.S. Department of Energy (DOE) announced funding of up to $130 million for new research to advance early-stage solar technologies.

This funding program targets five research areas: photovoltaics (PV), concentrating solar-thermal power (CSP), soft costs reduction, innovations in manufacturing, and solar systems integration. These projects will aim to make solar energy more affordable, reliable, and secure, while working to boost domestic solar manufacturing, reduce red tape, and make PV more resilient to cyberattack.

Read the full story Posted: Mar 27, 2019

Oxford PV and Meyer Burger enter strategic partnership

Oxford Photovoltaics and Meyer Burger Technology have entered into a strategic partnership and signed an exclusive cooperation agreement to jointly accelerate the development of mass production technology for perovskite on silicon heterojunction (HJT) tandem solar cells.

Meyer Burger and Oxford PV agreed to combine Meyer Burger's leading HJT and SmartWire Connection technology with Oxford PV's perovskite solar cell technology. Meyer Burger will sell a 200 MW HJT line for the pilot production of tandem cells that will be ramped up by the end of 2020 in Oxford PV's Brandenburg an der Havel facility. The initial tandem solar cell efficiency target for the 200 MW pilot production line will be 27%. The characteristics of Meyer Burger's HJT cells make them the perfect bottom cells for Oxford PV's perovskite top cell layers.

Read the full story Posted: Mar 24, 2019

Oxford PV raises £31 Million funding

Oxford PV recently announced first close of Series D funding round, attracting major new investment and continued support from existing shareholders. The Company raised £31 Million - around $41 Million USD.

The round includes a major 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.

Read the full story Posted: Mar 17, 2019

Brazilian oil giant invests millions in perovskite solar R&D

Brazilian state-run oil major Petroleo Brasileiro, or Petrobras, has signed a partnership deal with Centro de Inovacoes CSEM Brazil to develop materials for the production of printed and flexible solar cells based on perovskite technology.

Under the research and development (R&D) agreement, Petrobras will invest BRL 23.77 million (USD 6.2 million/EUR 5.6 million) over a 30-month period. The main goal is the production of a prototype module and obtaining the know-how needed to make the industrial production of solar films with perovskite technology technically and economically viable.

Read the full story Posted: Feb 21, 2019