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Home > News > CIGS Solar Startup, Solyndra Raises $79 Million

April 10th, 2007

CIGS Solar Startup, Solyndra Raises $79 Million

Abstract:
Solyndra, a Santa Clara, California startup, which will specialize in copper indium gallium selenium (CIGS) solar cells has raised $79 million in funding. CIGS manufacturing is expensive and startups in the field have to have vast infusions of capital to pay for the required manufacturing facilities. Investors in the new solar company include CMEA Ventures and Redpoint Ventures, CNET reported in an article. (Note: that article made several factual errors about the efficiency and manufacturing cost of CIGS photovoltaics.) According to another article, this in a VC publication, Solyndra's technology will be led by VP of Engineering Benny Buller, formerly a GM at Applied Materials.

Source:
compoundsemi.com

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