17 Feb '12, 5pm

Nanosolar Scores $20M to Keep its CIGS PV Dream Alive: Nanosolar closed on another $20 million to allow its CI...

Nanosolar closed on another $20 million to allow its CIGS thin-film photovoltaic factory to continue its struggle to scale and improve. That's a relatively small figure compared to the hundreds of millions that the company has already received from a variety of funding sources. This cash infusion came from existing investors Mohr Davidow Ventures and OnPoint Technologies, along with new investor aeris CAPITAL. Aeris is a Zurich, Switzerland-based family fund. And the interesting piece here is that Erik Oldekop of aeris CAPITAL was a Managing Director at Nanosolar from 2006 to May 2011. It's a connection that can be interpreted in a variety of ways -- he's likely still a personal shareholder in Nanosolar, but he also knows its dark secrets and angelic potential. “We believe solar printing is the future of low-cost harvesting of solar energy,” said Oldekop in a press release...

Full article: http://www.greentechmedia.com/articles/read/nanosolar-sco...

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