EDF Energies Nouvelles Invests $50M in Nanosolar

There are many thin-film solar startups, but few have moved from the lab to the factory as fast as Nanosolar. They shipped their first solar panels last December, and their $100 million factory has been selling its whole production of copper-indium-gallium-selenide (CIGS) cells ever since.

The latest good news for the company is that France's EDF Energies Nouvelles has invested $50 million in the company and secured part of Nanosolar's 2009 production for a competitive price. The money should help them increase production in a market that gets more competitive all the time (Sharp is building a $725 million, 480 MW thin-film solar plant). ::CNN

See also: ::Google Founders Invest in Nanosolar, ::Nanosolar: Printing Solar Film Like Paper, ::19.9%: New Thin Film Solar Efficiency Record

Tags: Alternative Energy | California

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