Solar Thin-Film Production Facility to Open in Germany

Apax Partners and Good Energies have invested EUR 24 million (US $31.2 million) in CSG Solar AG, a company that has developed second-generation thin-film solar-module technologies.

Q-Cells AG, Renewable Energy Corporation and IBG are also investors in CSG, and participated in the recent financing round. The investment will finance the construction and launch of CSG's first production facility designed for an annual output of 25 MW. Production should begin in early 2005, according to the company. CSG plans to manufacture 1.4 m2 photovoltaic (PV) modules with its patented Crystalline Silicon on Glass (CSG) technology. The first CSG factory will be built at Thalheim in the German State of Saxony-Anhalt to benefit from strong local and State government support, and from the Company's strategic relationship with Q-Cells AG. Ongoing development of CSG product will stay in the company's Australian subsidiary CSG Solar Pty Limited.

600450 Solar Thin-Film Production Facility to Open in Germany

See more news about:

Others also read

Emirates Glass, a Dubai Investment subsidiary, has won a major contract to supply 140,000 square meters of its premium glass to the prestigious development on the Palm Jumeirah, reaffirming its already established reputation as the single most prominent company in the entire regional glass industry.The deal was announced during the company's participation in the prestigious Big 5 show, the largest annual venue for the entire Middle-East glass contracting industry.
Isra Vision Systems AG supplier of machine vision systems, has successfully improved its market position in display glass inspection with a major order totalling 1.8 Mio Euro.
Packagers such as the UK's Rexam and private equity firms are set to vie for pump-sprayer business Calmar, which France's Saint-Gobain (SGOB.
Jain Scientific Glass Works, manufacturers of glassware for laboratories, is importing glass as raw material from China, which was much cheaper than the local product and abundantly available.
The National Lime & Stone Co. will discontinue production of calcined lime early next month at its Carey plant, the company CEO announced Thursday.
The following stocks are moving in Japanese markets today. Prices are as of 12:55 p.m. at the Tokyo Stock Exchange. Stock symbols are in parentheses after company names.

Add new comment