For many, business earnings are holding up and panic has not yet set in. But those that don’t start to prepare for trouble today will find that tomorrow is too late.
Tuesday, 24th June 2008
ARTICLE
Virgin Green Fund leads Odersun funding round
Monday, 4th February 2008
Solar cell manufacturer Odersun has raised 40m in venture financing and 21m in government grants to build its second factory.
Virgin Green Fund led the funding round, in which PCG Clean Energy & Technology Fund, AGF Private Equity, Doughty Hanson Technology Ventures and Chinese materials research company Advanced Technology & Materials also participated.
Odersun is a developer and manufacturer of flexible thin-film CIS solar cells, modules and applications for power plants and building systems.
Its solar cells can be assembled into solar modules of virtually any size or power, in flexible or glass packaging.
The company opened its first production facility, SunOne, in Frankfurt in March 2007.
“This investment will allow Odersun to rapidly expand its production capacity. The copper substrate process and its manufacturing equipment require no further scaling, which means Odersun can grow quickly by replicating the proven full-scale production line of SunOne,” said George Powlick of Doughty Hanson.
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