Nuon said it will abandon the €85 million Healianthos solar cell foil project and lay off workers at a manufacturing pilot plant in Arnhem, the Netherlands, after the failure of an 18-month worldwide search for investment partners.
The Dutch company, via its wholly owned subsidiary Nuon Helianthos, opened a test plant for the production of flexible solar cells in June, 2009, with the intention to later open a production plant nearby. It foresaw production of one million square metres of solar cell laminate to be used as roof covering, building facades and sunblinds, amongst other applications.
In a statement Monday the company said it had completed the R&D phase of the technology and since May 2010 had approached more than 150 potential partners to invest in a production plant.
Nuon chief executive Huib Morelisse said Helianthos had now “exhausted all available options” and the situation was “highly regrettable”.