News

29 July 2010

 

Sulfurcell to supply 16MW of CIS PV panels to China and India

Sulfurcell GmbH of Berlin, Germany, which designs and makes solar modules based on thin-film copper indium sulphide (CIS), has concluded supply agreements with new customers in India and China in excess of 16MW: more than 10MW of panels to be deployed in new large-scale construction projects and building-integrated photovoltaic (BIPV) applications in China; and more than 6MW by 2012 to New Delhi-based Prime Group (which has subsidiaries in Europe and the Far East) for mainly commercial rooftop projects.

“Sulfurcell’s innovative solar energy solutions have been met with great interest in the Asian market,” claims CEO & co-founder Dr Nikolaus Meyer. The new supply agreements mark an important stage for the firm as it expand into the global market, he adds. 

Sulfurcell was founded in 2001 by Nikolaus Meyer and Ilka Luck as a spin-off of the Hahn-Meitner-Institut (now the Helmholtz Centre Berlin for Materials and Energy), and in 2002 raised €9m from private investors, followed in 2003 by R&D grants of €7m from the Senate of Berlin. The firm subsequently set up pilot production, leading to market introduction in 2005. In July 2008, the firm raised €85m in an equity fundraising round led by Intel Capital, which was used to construct new production facilities and for R&D. 

“We value not just the technological competitive edge offered by the Sulfurcell modules, which are particularly good at generating high yields in spite of the heat of this region, but also Sulfurcell’s reputation for high quality,” says Prime Group’s founder Surinder Mehta. “Our agreement with Sulfurcell marks the beginning of a what we hope will be a mutually beneficial collaboration,” he adds. 

“Sulfurcell’s high-quality and powerful thin-film solar modules are uniquely well suited for BIPV,” claims Meyer.

See related items:

Intel leads €85m investment round in Sulfurcell

Search: Sulfurcell CIS

Visit: www.sulfurcell.de