Oxford PV transfers US$18.2 million to Meyer Burger for next phase of equipment purchases

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Frank P. Averdung, Chief Executive Officer at Oxford PV commented, “Oxford PV’s move to commercial manufacturer is building momentum. We now have the orders placed for our first 125 MW perovskite-on-silicon solar cell manufacturing line.” Image: Oxford PV

Updated: Leading PV manufacturing equipment supplier Meyer Burger Technology has received a further CHF 18 million (US$18.2 million) from partner, Oxford PV for the purchase of key equipment for a 125MW integrated production line to fabricate high-efficiency perovskite HJT tandem solar cells.

Meyer Burger also noted that the strategic partnership with Oxford PV would lead to the volume production of perovskite heterojunction tandem solar cells with over 30% conversion efficiencies. 

Earlier in 2019, Oxford PV had reported a record perovskite on silicon cell conversion efficiency of 27.3%.

The equipment supplier had received the first order from Oxford PV, worth CHF 20 million, in August 2019. The production capacity at Oxford PV’s plant in Germany is set to be expanded to 250MW of nameplate capacity by the end of 2020.

Frank P. Averdung, Chief Executive Officer at Oxford PV commented, “Oxford PV’s move to commercial manufacturer is building momentum. We now have the orders placed for our first 125 MW perovskite-on-silicon solar cell manufacturing line.”

The strategic partnership was established after Meyer Burger took an 18.8% stake in Oxford PV with the option to double the investment by the end of 2020.

Read Next

PV Tech Premium
April 12, 2021
Mark Osborne details how Solar Module Super League (SMSL) major JinkoSolar is transforming its manufacturing base, moving from an asset-lite model to one more vertically integrated.
March 30, 2021
South Korea-based solar module manufacturer Q CELLS has filed patent infringement complaints in both Germany and France against Astronergy.
March 29, 2021
Despite additional solar and wind contributing to a record reduction in global coal generation last year, new renewable energy projects are still not being built quickly enough to keep pace with rising electricity demand.
March 17, 2021
Berlin-based greentech startup Zolar has raised an additional €10 million (US$11.9 million) in an investment round led by Energy Impact Partners, bringing its series B funding to €35 million.
March 15, 2021
Among the three n-type options (n-PERT/TOPCon, IBC, HJT), there is a growing belief that the smart money will be on heterojunction.
March 12, 2021
LONGi Solar is planning to build a new 5GW high-efficiency monocrystalline solar cell plant in Yinchuan, China.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET