Konarka Receives Financing To Support Mass. Solar Operations

In connection with its recently opened production facility in New Bedford, Mass., Konarka Technologies Inc. has received $5 million in financing from the Massachusetts Development Finance Agency and the Massachusetts Renewable Energy Trust.

With the opening of its manufacturing location in New Bedford in October 2008, Konarka expanded its presence in Massachusetts, retrofitting Polaroid's advanced technology development and flagship large-scale manufacturing facility to develop and commercialize Konarka's Power Plastic technology.

‘This financing further demonstrates the state's commitment to broad-scale solar adoption and green-job creation in the area of clean energy,’ says Howard Berke, executive chairman and co-founder of Konarka.

SOURCE: Konarka


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