A company founded as a “spin-out” from the University of Oxford has received a new equity investment of £8.7m, as it aims to accelerate the commercialisation of a solar cell that could boost the performance of photovoltaics by 30%. Oxford Photovoltaics (Oxford PV) latest investment has seen the total equity raised over the last 18 months reach £21.3m, and the funding will be used on a “breakthrough” perovskite technology which is applied as a thin-film layer to silicon solar cells. Further investment is also expected before the end of 2016.
Edie 19th Oct 2016 read more »
A Deutsche Bank report has predicted “sharp declines” in US solar module and inverter prices that it says could drive payback periods down to less than five years and spark a “final ‘gold rush’” in the American residential, commercial and industrial markets, starting in 2017. “We expect the final “gold rush” in the US market to begin in 2017. Our view is also supported by the strong pipeline of utility scale-solar projects – we estimate roughly 8GW of solar projects under development in Texas and 31GW in the entire US.
Renew Economy 20th Oct 2016 read more »