Nanosolar Receives $300 Million in Equity Financing

NanosolarNanosolar, a thin-film solar company, announced on August 27th that it received $300 million in equity financing in March 2008.  Investors in this round included The AES Corporation, The Carlyle Group, EDF (which made a $50 million investment in Nanosolar via EDF Energies Nouvelles Réparties), and Energy Capital Partners.

Funding in this round was also provided by returning Nanosolar investors GLG Partners, Beck Energy, and Grazia Equity (founding investor of Conergy).  Other participating investors included Lone Pine Capital, the Skoll Foundation, and the private fund of Pierre Omidyar (founder of eBay). 

Nanosolar intends to use the funds to accelerate production expansion for its 430MW San Jose factory and 620MW Berlin factory.  The following video provides some information on Nanosolar’s technology, which includes the ability to print (using nanoparticle ink) the semiconductor of a solar cell onto metal foil.

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