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July 24, 2007
Germany's Q-Cells Leads $50M Investment Into Solaria
German solar company Q-Cells has led a $50M investment in Fremont, CA-based Solaria while also committing to a long-term solar cell supply deal.
Solaria has designed a solar panel around proprietary plastic lenses that magnify the light on solar cells. As part of the deal, Q-Cells said, over the next 10 years it will give Solaria access to 1.35 gigawatts of Q-Cell's solar cells, the material in panels that converts light to electricity.
The companies said it was one of the largest solar-cell supply arrangements on record and will allow Solaria to produce 2.7 gigawatts worth of solar panels.
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Posted on July 24, 2007 02:30 AM | Posted to Alternative Energy | Permalink
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