Innovative solar wafer company Nexwafe has closed its latest financing round with €32 million. The round was lead by the Indian group Reliance, which contributed €25 million to the round. The Freiburg-based wafer manufacturer intends to use the funds to drive forward the production and commercialization of its kerfless PV wafers.
The 120 MW solar plant will sell power under two long-term PPAs for the electricity to be generated by 90 MW of its capacity.
According to UK-based consultant Ember, eight EU countries achieved record solar power production during June and July. Germany and the Netherlands were able to cover around 17% of their electricity demand with PV over the period.
A new EUPD Research report shows that a PV system can cover 39% of the power demand of an electric vehicle, but this potentially rises to 80% if storage is included.
The Swiss manufacturer has secured €185 million for the expansion of its cell and module production. Meyer Burger no longer wants to sell its solar cells to third parties in the future.
The Swiss manufacturer opened its module factory in Freiberg a few days after having begun manufacturing activities at its 400 MW cell factory in Thalheim.
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