Dutch module maker Exasun secures financing to expand capacity

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Dutch PV panel producer Exasun will increase its production capacity fivefold, having secured funds for the deployment of an additional manufacturing line, according to a press release from Innovation Quarter, which is the regional economic development company of the province South Holland.

Funds were provided by the regional government of South Holland through the innovation fund ENERGIIQ, and Dutch banking giants ING and ABN Amro. The amount of funds, as well as current and projected capacity for the company’s factory in the Hague, however, were not disclosed in the press release. The local press revealed in the meantime that Exasun will expand capacity at the facility to 100 MW, from around 15 MW currently.

The new production line is expected to start manufacturing activities in the autumn, while more capacity expansion plans will be implemented in 2019, according to Innovation Quarter. On Exasun’s website, the company specifies that, in the period up to 2020, its capacity will be increased in phases to more than 1 GW, possibly also at other locations in the Netherlands or abroad.

At its factory in The Hague, Exasun manufactures black glass modules (60 cells, 1×1.6 m) and BIPV modules for, amongst others, a waterproof PV-roof (black roof) and for PV facades (black facade). All modules are based on Metal Wrap-Through back-contact cells with no busbars.

Having received funds in 2012, Exasun started commercial operations with a first pilot production line for its black glass modules at its manufacturing facility in 2015. A second line for the same kind of modules was installed in 2016.