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Thin film pulls in a crowd

11 July 2008 | Thin Film: News From Around The Web | Source: media.cleantech.com
Cleantech Group Intel spreads its solar cash around, leading an €85 million round in thin-film solar company Sulfurcell, and we spot 12 other deals over the past week. Pumping cash into its own solar technology wasn't enough for Santa Clara, Calif.-based Intel, now it's jumping on the thin-film bandwagon.

Intel Capital, the chipmaker's investment arm, led an €84 million round of financing for Berlin-based thin-film developer Sulfurcell.This comes less than five weeks after Intel announced the spin-off of its solar assets to form an independent photovoltaic cell maker called SpectraWatt.

Intel Capital led a $50 million investment round in the newly-formed SpectraWatt. For Sulfercell, Intel Capital is investing €24 million, with Climate Change Capital Private Equity, AIG, Demeter Partners, zouk ventures and BankInvest putting in €38 million. The rest of the round came from existing investors.

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