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