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NexWafe secures funding to build wafer factory in Germany
German wafer manufacturer NexWafe GmbH announced it secured financing of €30 million ($32.0 million) from current and new investors. The company said it will use the funds to move forward with the construction of its planned wafer factory in Bitterfeld, in the district of Anhalt-Bitterfeld, Saxony-Anhalt, Germany.
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NexWafe secures US$32 million to build wafer plant in Germany
Solar wafer producer NexWafe has secured a €30 million (US$32 million) investment to accelerate the construction of its first commercial-scale wafer plant in Bitterfeld, Germany.
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NexWafe LinkedIn Article: Rebalancing the Global Supply Chain for Photovoltaics
NexWafe’s development of green solar wafers can help achieve 2050 net-zero energy goals. With a high throughput, low-cost epitaxy process that avoids the energy-intensive steps of conventional wafer manufacturing, NexWafe’s EpiNex™ wafers promise to set a new standard for the solar industry. Our ultra-thin, revolutionary solar cell technologies introduce meaningful and much-needed change to the solar supply chain, expanding the reach of solar energy and leveling the net-zero renewable-energy playing field for all countries.
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As America Works To Re-Shore The Solar Industry, Sustainability Should Be Top Of Mind
With the advent of the United States’ first-ever clean energy industrial policy, the Inflation Reduction Act of 2022, the U.S. solar industry is at a pivotal point in history. As the CEO of NexWafe, a Germany-based company, that designs, develops and pilots a green solar wafer production process to help make the photovoltaics industry more sustainable and efficient, we are happy to see the U.S. taking this step. Davor Sutija shares insights for U.S. manufacturers who already are or may be considering becoming involved in the industry.
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‘A good first step’: European solar manufacturers welcome Green Deal Industrial Plan but call for more support
The European Commission unveiled the EU’s response to the Inflation Reduction Act and China’s dominance in the solar supply chain with the Green Deal Industrial Plan. PV Tech addresses how these solar initiatives compare and captures commentary from manufacturers across the value chain. NexWafe CEO offers his insights into what needed to establish a long-term solar manufacturing industry in Europe.
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Onshoring solar’s supply chain
With China strengthening its position in recent years to dominate the PV supply chain, efforts are gathering pace to onshore some manufacturing as governments aim to support domestic production and reduce their reliance on imports. NexWafe's partnership with Reliance is contributing to these efforts by building gigawatt-scale facilities in India using NexWafe's wafer manufacturing technology.
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Reliance Industries to invest $29 million in NexWafe
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
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Reliance invests US$29m in NexWafe, looks to establish ‘giga-scale’ wafer production in India
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
