Oxford PV obtains EUR8.8 million in financing for growth of its German center

• Oxford Photovoltaics Germany GmbH is spending about EUR44 million ($52 million) in the development of its production center in Brandenburg an der Havel, Germany. The Brandenburg Ministry of Economics is supporting the development with EUR8.8 million ($10.4 million).

The business has actually been based in Brandenburg given that completion of 2016 and has been generating the silicon perovskite solar cells created by the firm in a pilot line there because 2017. Oxford Photovoltaics prepares to begin collection manufacturing following year.

Oxford Photovoltaics Limited (Oxford PV) was founded in 2010 as a spin-out from the University of Oxford to develop and market a new modern technology for thin-film solar cells. Oxford PV has a r & d website in Oxford, UK, and an industrial website in Germany. The perovskite-based tandem solar cells created by Oxford consist of a conventional single silicon solar cell and a 2nd, perovskite-based solar cell. These completely integrated tandem cells can soak up a lot more light than conventional single cells and also attain greater effectiveness.