Release date: 29 September 2017
Promoter – Financial Intermediary
OXFORD PV GERMANY GMBHLocation
Description
Oxford PV Ltd is a spin-out of Oxford University founded in 2010. The project will revamp its existing solar photovoltaic thin-film module manufacturing plant in Germany into a first-of-a-kind manufacturing facility of tandem silicon-perovskite solar photovoltaic cells, in order to bring this innovative technology from the R&D laboratory to the fabrication scale.
Objectives
The investment in Oxford PV Germany GmbH's facilities will enable the company to demonstrate the innovative perovskite technology at full wafer scale in pilot volumes and deploy 'perovskite on silicon' tandem cells. The technology developed by the company will improve the performance of regular solar cells, increasing its voltage and efficiency.
Sector(s)
- Industry - Manufacturing
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 30 million
Environmental aspects
The promoter will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having a status of a contracting entity, thus not being subject to EU rules on public procurement.
Status
Signed - 20/12/2017
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).