Nanosolar raises $300m for expansion
by Vinay Gupta • August 28, 2008 • The Global Picture • 0 Comments
Palo Alto, Calif.-based Nanosolar’s strategic investors include power company AES Corp., equity firm the Carlyle Group, and electric utility company EDF–the three of which formed AES Solar as part of the deal, Roscheisen said. Those alliances will presumably help Nanosolar develop utility-scale solar power that would be cost efficient.
Other investors were hedge fund Lone Pine Capital, the Skoll Foundation, and eBay founder Pierre Omidyar’s fund, he said.
“The new capital will allow us to accelerate production expansion for our 430 megawatt San Jose factory and our 620 megawatt Berlin factory,” Roscheisen wrote.
Tell me this isn’t a big deal.