Oxford PV provided with £34 million in new funding for 200MW heterojunction solar cell line
The company is expected to install the 200MW HJ cell line at its facility in Brandenburg an der Havel, Germany and start ramping by the end of 2020. Image: Oxford PV
Perovskite solar cell developer, Oxford PV has secured £34 million in new funding for a 200MW heterojunction (HJT) solar cell line from Meyer Burger to start production of perovskite - silicon tandem cells in 2020.
Oxford PV has previously secured £31 million in a Series D funding round in March, 2019 for manufacturing capital expenditure requirements. The additional funds include new investment from leading PV equipment manufacturer, Meyer Burger as well as investments in the round from other non-specified new and existing investors.
Frank P. Averdung, Chief Executive Officer at Oxford PV commented, “The success of our funding round and the quality of the new investors we have attracted, validates the commercial readiness of our technology. We now have the funds to move into manufacturing and accelerate market introduction. The production line we are installing in Germany, to manufacture perovskite-on-silicon tandem solar cells, will be the first of its kind anywhere in the world. This is a significant moment for Oxford PV and our perovskite photovoltaic technology.”
The company is expected to install the 200MW HJ cell line at its facility in Brandenburg an der Havel, Germany and start ramping by the end of 2020.
Understanding bifacial’s true potential: technology innovation and technical bankability of bifacial
The deployment of bifacial PV technology is growing rapidly. It has proven to be the most effective solution to reduce levelised energy costs (LCOE) and increase the Investment Rate of Return (IRR) of PV systems, offering substantially improved energy yield compared to the use of standard mono-facial modules. Even though the concept is not new, it has been a niche technology for many years with uncertainties in predicting performance and optimizing installations. Today, bifacial technology is becoming mainstream, with capacity available at the multi-gigawatt scale and with corresponding global deployment of project pipelines. Join this webinar, presented by Andrea Viaro, as he discusses the award-winning Swan bifacial module with transparent backsheet from DuPont, its features, benefits and differences vs. standard glass-glass modules. Jinko Solar’s new bifacial technology innovations will also be highlighted, specifically covering profitability in deployment at utility-scale PV power plants. Andrea will be joined by Dr.Lars Podlowski who will give a comprehensive introduction to all aspects of bifacial PV technology, with a special focus on benefits and risks industry buyers and investors should pay attention to.
PV ModuleTech
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability.
Also read...
-
Foresight continues Australian charge with small-scale renewables fund launch
-
Top EU financier to refocus on market-based renewables, energy storage
-
Limiting climate emergency will require ten-fold solar boom, DNV GL claims
-
Daqo extends high-purity polysilicon supply deal with JinkoSolar
-
CEC issues warning over ‘collapse’ in new Australian renewables investment
Comments