Solar wafer producer NexWafe has secured a €30 million (US$32 million) investment to accelerate the construction of its first commercial-scale wafer plant in Bitterfeld, Germany.
The stage is set for the emergence of an ultra-low-cost PV industry based on epitaxial solar wafers and other highly scalable, high-efficiency technologies, writes Davor Sutija, CEO of NexWafe.
Solar wafer producer NexWafe has completed its Series C investment round, with proceeds earmarked for product and technology development on prototype lines in Germany.
Solar wafer producer NexWafe is planning to follow up on its new collaboration with Indian conglomerate Reliance Industries by licensing its technology to strategic partners globally.
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
Nexwafe, the solar wafer manufacturer spin-off from Fraunhofer ISE, has recruited ex-Meyer Burger chief technology officer (CTO) Dr. Dirk Habermann into the same role at the company.
Fraunhofer ISE spin-off, NexWafe has secured a new round of funding from Wermuth Asset Management, which will be used for commissioning a pilot line in Freiburg, Germany to produce ‘EpiWafer’ substrates for verification and qualification for potential solar manufacturing customers.
European sustainable energy innovation company InnoEnergy has invested €2 million in solar wafer epitaxial growth technology by NexWafe that increases the efficiency of solar cell manufacturing.
