Oxford PV’s German arm Oxford Photovoltaics Germany has secured funding worth €8.8 million to expand its pilot scale production at Brandenburg to industrial level in 2021. (Photo Credit: Oxford PV/Twitter)
- Oxford PV has secured €8.8 million as funding from the Brandenburg Economics Ministry
- It will use the proceeds to expand its production at the pilot facility located in Brandenburg to bring it to an industrial level
- The production expansion will support its efforts to bring its high efficiency silicon perovskite solar cells to the market
The Ministry of Economics Germany’s state of Brandenburg has announced €8.8 million ($10 million) funding amount for Oxford Photovoltaics Germany GmbH to enable it in its expansion of its operating facility where it has been producing high efficiency silicon perovskite solar cells on a pilot production line installed. The German arm of University of Oxford spin-off Oxford PV plans to start industrial production of the solar cells in 2021.
Based out of Hohenstücke district of Brandenburg an der Havel, Oxford Photovoltaics has been conducting research on tandem solar cells, using conventional single silicon cell and a perovskite based solar cell on the industrial site in Brandenburg. Now it wants to expand production here to complete the commercialization of its technology with an investment of around €44 million ($52 million).
“I am delighted that Oxford Photovoltaics has brought the solar technology developed by the company to market maturity and that it will soon start with industrial series production here in Brandenburg,” said Brandenburg’s Economics Minister Jörg Steinbach.
A little more than a year ago, in October 2019, Oxford PV placed an order with Meyer Burger for heterojunction (HJT) key equipment expansion into an integrated 125 MW production line for perovskite HJT tandem solar cells (see Oxford PV Places CHF 18Mn Order With Meyer Burger). That order was in addition to a previous order from Oxford PV for a 100 MW HJT production line worth CHF 20 million placed in August 2019 including an upgrade to perovskite-on-HJT tandem technology. At the time, the partners said they were looking at expanding production capacity for tandem solar cells to 250 MW by the end of 2020 with the overarching goal to achieve at same point cell efficiencies of over 30% with the industrialization of tandem technology (see Meyer Burger Gets CHF 20Mn Order From Oxford PV).