Silfab secures funding and major supply contract with Sino-American Silicon

Facebook
Twitter
LinkedIn
Reddit
Email

Italian, high-grade (9N) polysilicon start-up, Silfab S.p.A., has secured a €30 million investment in the company from Sino-American Silicon Product Inc. (SAS), a Taiwanese manufacturer of polysilicon wafers for use in both photovoltaic and semiconductor industries. Silfab has also entered into a 500MT per annum polysilicon supply deal with SAS that will start in 2010 and last six-years.


“With this investment, we have met our initial capital-raising goals, and are squarely on track to meet our original project schedule.” said Franco Traverso, Silfab Chairman and CEO. “Silfab is building strategic relationships with partners who truly understand the PV industry, and who will support our growth in very meaningful ways.”

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

Pan Asia Solar, had invested the initial €54 million in Silfab, which in addition to the €30 million invested by SAS, brings the total equity capital raised to €84 million. Production of up to 5,000 metric tons per year is the target, starting in late 2009.

 

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 28, 2024
Seattle, USA
Solar Media Events, Industry Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA