Sulfurcell, a developer and manufacturer of CIS/CIGS photovoltaics, has secured EUR 85 million in equity funding for a significant expansion of its manufacturing with a new plant in Berlin for the production of CIS/CIGS-based thin-film solar modules.
The new plant, the company says, will have an annual capacity of 75 MW, with an intermediate expansion to 35 MW. With this significant financing, Sulfurcell will transfer its proprietary production technology, developed in its pilot plant, into mass production. The round will also fund Sulfurcell's long-term oriented development projects.
The round was led by Intel Capital, the global investment arm of Intel Corp., which invested EUR 24M, and co-led by Climate Change Capital Private Equity, with an investment of EUR 12M.