Oxford PV receives €8.8 million in funding for expansion of its German facility
Post date: 16/11/2020 - 09:01
Oxford Photovoltaics Germany GmbH is investing around €44 million ($52 million) in the expansion of its production facility in Brandenburg an der Havel, Germany. The Brandenburg Ministry of Economics is supporting the expansion with €8.8 million ($10.4 million).
The company has been based in Brandenburg since the end of 2016 and has been producing the silicon perovskite solar cells developed by the company in a pilot line there since 2017. Oxford Photovoltaics plans to start series production next 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 technology for thin-film solar cells. Oxford PV has a research and development site in Oxford, UK, and an industrial site in Germany. The perovskite-based tandem solar cells produced by Oxford consist of a conventional single silicon solar cell and a second, perovskite-based solar cell. These fully integrated tandem cells can absorb more light than conventional single cells and achieve higher efficiency.