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Feb 21st, 2012
 
CIGS manufacturer Nanosolar secures $20 million in new funds
 
Thin film solar printing leader Nanosolar, Inc. announced that it has closed $20 million to fund continued expansion as well as newly committed projects.
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  • Ink-printing CIGS still in the focus of PV investors

Current investors Mohr Davidow Ventures and OnPoint Technologies, Inc. participated in the round with new investor aeris CAPITAL.

Within the last six months, Nanosolar has announced a number of milestones and projects that have helped strengthen its position as the thin film solar cost leader. They include:

  • The appointment of Corrales to CEO as part of a planned transition;
  • A production expansion to a 115 MW capacity;
  • NREL-certified thin film solar cell aperture efficiency of 17.1%;
  • Two new projects with EDF EN in Oregon totaling 3 MW;
  • Two new projects totaling 1.5 MW at National Guard Bases in Ohio and California.

 
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