Solar manufacturer 5B raises AU$12 million for global expansion

Facebook
Twitter
LinkedIn
Reddit
Email
Image: 5B

Australian ‘plug and play’ solar manufacturer 5B has secured AU$12 million (US$9.27 million) to expand into new renewables markets.

Malcom Turnbull, the former Prime Minister of Australia, and Smart Energy Council director Simon Holmes à Court have invested in the company through a pre-Series B funding round, which was led by existing backers Fortune 500 company AES Corporation and investment manager Artesian Venutre Capital.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

5B said it will use the capital to establish a new headquarters in Sydney, fast-track the release of its range of Maverick fast-deployable solar products and launch new business operations in the US, Chile and India.

The company’s Maverick solution is comprised of module mounts arranged in a concertina shape at a 10 degree tilt. They are pre-fabricated in a factory before being rapidly deployed on site. The company claims that the system can be deployed much faster than traditional solar arrays.

5B launched its Series B funding round late last year, with plans to fuel its global expansion. The company said in a statement that the round ended in April “fully funded and over-subscribed”.

The company closed a AU$12 million Series A investment round last July that had sourced financing from investors including AES.

Read Next

September 4, 2025
US polysilicon company Highland Materials has aimed to begin construction at its polysilicon plant in the second half of 2026.
July 29, 2025
The Spanish Ministry of Ecological Transition (MITECO) has launched a new renewables manufacturing subsidy programme.
Premium
June 12, 2025
PV Talk: Vinay Rustagi, director of Indian solar manufacturer Premier Energies, discusses the company’s upstream manufacturing plans and why he believes India can become a counterweight to Chinese PV hegemony.
April 8, 2025
South Africa’s government has approved the South African Renewable Energy Master Plan (SAREM) to accelerate renewables deployment.
March 31, 2025
The Spanish Ministry of Ecological Transition (MITECO) has awarded funding to seven solar PV manufacturing projects with more than €210 million.
March 21, 2025
The European Commission, along with the private partners, target to invest up to €240 million (US$260 million) each until 2030.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines