Spain-based PV module manufacturer Isofoton says that Korea-based Samsung has invested 50 million euros in the company. The funds will be used for the manufacture of selective-emitter solar cells.
The financing will be structured in two blocks, with the first 30 million euros to be provided in 2012. According to Isofoton, this first phase will allow for the start-up of a new selective-emitter solar cell production line with a 100 MW capacity.
The remaining sum, totaling 20 million euros, will be delivered in 2013, which is expected to enable Isofoton to expand its solar cell manufacturing capacity to 300 MW. Isofoton adds that it plans to open a manufacturing plant in Ohio next year.