TubeSolar plans capital increase this year

Tubular solar module from TubeSolar

TubeSolar AG, based in Augsburg, Germany, plans a capital increase using the authorized capital 2019, which was decided by the Management Board with the approval of the Supervisory Board in an ad-hoc release on October 1. The capital increase is to take place in return for cash contributions, with the subscription rights of existing shareholders being granted, before the end of this year (if feasible), otherwise in 2021. TubeSolar is also aiming for a listing in the primary market of the Düsseldorf stock exchange and in the "m:access" segment for small and medium-sized companies of the Munich stock exchange. Further details will be announced at a later date. TubeSolar plans to establish a 250 megawatt product range for tubular solar modules using CIGS thin-film cells and received a 10.8 million Euro grant from the Free State of Bavaria in September. We will publish an article about TubeSolar's technology and plans in PHOTON issue 11-2020, which will be published on October 30.

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