NorSun raises money to expand ingot and wafer production



NorSun AS, the Norwegian manufacturer of high-performance monocrystalline silicon ingots and wafers, announced it has raised NOK1.15 billion to finance production of new silicon ingots and wafers for high efficiency solar cells. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

NOK500 million came in equity, while another NOK650 million came from a five-tear bank loan and NOK450 million in bank guarantee lines.  The entire credit and guarantee facility was provided by DnB NOR and Nordea Bank Norge AS. 

With this financial increase, NorSun will be able to complete its production ramp in Årdal, Norway, execute the next phase of R&D activities and continue to develop Sunfilm AG, a the thin-film company in which NorSun has a 29.5% stake.


Read Next

Subscribe to Newsletter

Most Read

Upcoming Events