Isofotón to enter Asian and U.S. PV markets

The news comes as the company announces that it has found a new investor to help increase its production capacity to 500 megawatts (MW) over the next three years. The company now has a total of €50 million in financial resources to achieve this.

Isofotón says it is now able to reinforce its ambitious business project with a commercial strategy based on continuing to consolidate its position in key markets such as Germany, Italy, Spain and France. In addition, the company will expand its international position in new markets, such as those in Asia and the USA.

The new investor, Consortium Affirma-Toptec, will help the company to drive its “industrial and technological project”.

In a statement released by the company, it said: “This contribution represents a significant boost for the company that will enable it to tackle this new project on a strong financial footing.”

The new strategy will call for industrial reinforcement, and the roadmap involves increasing production capacity to 500MW over three years.