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January 24, 2007
Germany's Sulfurcell and Welsch G24i Pull Big Name Money
Some big name investors are reaching across the Atlantic to invest in Euro solar cell companies. Two deals this week came across our screens.
G24i - In an upbeat report, the International Herald Tribune hails European cleantech innovation and within the report is the news nugget that G24i has raised an undisclosed amount of capital from Renewable Capital, a California-based investment firm.
G24i is based in Wales and is commercializing Grätzel (named after the Swiss professor that discovered the technology) cells. We recall that there are several other licensees of this type of photovoltaic, such as Konarka in the US/Austria and DyeSol. These are not as efficient as traditional solar cells but they can be produced more cheaply and don't rely on silicon.
Sulfurcell Solartechnik - Germany's Sulfurcell Solartechnik GmbH attracted a Credit Suisse managed fund known as Masdar Clean Tech as a new investor, along with exisitng investors Vattenfall Europe, Ventegis Capital, IBB Beteiligungsgesellschaft and industrialist Engelbert Giesen to its latest round for expansion of its solar module biz (it's cells are based on copper indium sulfide films, which also alleviates a reliance on silicon).
Glass Is Coated With Layers Of Light Absorbing Material Using A Simpler Manufacturing And Assembly Process
We heard about the i-bank interest a few months ago at the European Energy Venture Fair in Zurich. The investment banks, like Credit Suisse and Citibank, are interested in solar firms because they have seen how well their colleagues in corporate finance have done on IPOs in the sector.
Read - Ventegis Capital AG: Solarunternehmen Sulfurcell erhält Wachstumsfinanzierung (FAZ.NET)
Read - Europe Creates Attractive Clean Energy (IHT)
Posted on January 24, 2007 02:32 PM | Posted to Alternative Energy | News And Updates | Permalink
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