Polysolar chasing €6m to manufacture transparent photovoltaics in the UK

Date: 9 November 2011
Source: http://www.cabume.co.uk
Polysolar says it plans to build a full scale production plant for its transparent photovoltaic glazing in the UK within the next two years.

The company specialises in building integrated PV (BIPV) and is looking for up to €6m to reach its goal. €4m is expected to come from the the EU, which then needs to be 'match-funded' with another €2m from elsewhere.

Polysolar CEO, Hamish Watson, says the company plans to source the balance from its two partners, Solvay and Pilkington, as well as outside investors. He is keen to avoid VC funding and believes to be asking too much for angels to step in, so will seek cash from the City of London and its institutional investors.

Read more: www.cabume.co.uk/hardware/polysolar-chasing-euros6m-to-manufacture-transparent-photovoltaics-in-the-uk.html#.TrUq3KfXF5E.twitter

600450 Polysolar chasing €6m to manufacture transparent photovoltaics in the UK glassonweb.com

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