News

3 September 2010

 

Odersun secures €10m of loan guarantees from Germany’s Brandenburg State

Odersun AG of Berlin, Germany, which designs and manufactures flexible thin-film solar cells and modules using proprietary CISCuT (copper indium disulfide on copper tape) reel-to-reel manufacturing technology, has received €10m worth of loan guarantees from the Federal State of Brandenburg. The firm says that the raising of credit enables it to advance its production ramp-up and market entry with customized solar products based on its proprietary technology.

“The continuous commitment of our investors and the trust of the state government in the capability of our technology and strategic approach ensure secure funding in the course of our company’s market entry,” says CEO Dr Hein van der Zeeuw.

Odersun is currently commissioning its production facilities in Fürstenwalde/Spree, which have an annual capacity of 20MW. The four production lines are already installed and will be in operation by the end of this year. Besides manufacturing standard thin-film modules, Odersun is also working on a portfolio of customer-specific solar modules with special formats applicable to direct integration into buildings. Odersun’s first building-integrated photovoltaic (BIPV) module projects should be realized in 2011.

See related items:

Odersun appoints chief financial officer

Odersun inaugurates manufacturing plant for customized CIS PV modules

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