Specialist in CIGS solar cells HelioVolt gets $77 million
By Michael Kanellos, Staff Writer, CNET News.com / 15 August 2007
http://news.com.com/2100-11392_3-6202870.html
The specialist in CIGS solar cells plans to use the money to build factories for producing the panels.
Despite recent hiccups, the CIGS train rolls on. HelioVolt, which specializes in copper-indium-germanium-selenide (CIGS) solar cells, has raised $77 million in a second round of financing, some of which comes from a fund out of the oil-rich sultanate of Abu Dhabi. The money will be used to build factories. HelioVolt hopes to start limited production in the middle of next year and ramp to full production by the first quarter of 2009, CEO B.J. Stanbery said in an interview. (more…)