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May 12th, 2012
HCPV optics supplier Concentrator Optics GmbH raises €3.5 million
Concentrating photovoltaics is gaining momentum with an expected industry growth exceeding 400% for the current year.
Following this trend, Concentrator Optics raised €3.5 million in equity, debt and grant financing. Capricorn Cleantech Fund, Leuven, Belgium, and the German Kreditanstalt für Wiederaufbau (KfW) contributed to the equity raise. The proceeds shall be used for installing a 40 MW silicone-on-glass lens production line, for organizational development and for fuelling its continued commercial growth.
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