Nanotechnology Now - Press Release: RUSNANO invests in production of new generation high-efficiency solar power plants

Home > Press > RUSNANO invests in production of new generation high-efficiency solar power plants

Abstract:
The Supervisory Council of the Russian Corporation of Nanotechnologies (RUSNANO) approved the project aimed at production of nano-heterostructure photoconverters with the efficiency reaching 37-45%. Solar modules and new generation power plants, equipped with Fresnel lenses and sun tracking system will also be produced under the auspices of the project. It will commercialize the outcomes of research conducted in the Ioffe Physical Technical Institute in the field of fundamental scientific and technical principles and technological basis for constructing the main blocks of concentrator solar photovoltaic plants.

RUSNANO invests in production of new generation high-efficiency solar power plants

Russia | Posted on December 13th, 2009

The concentrator solar power plants will employ: 1) new generation of cascading solar cells, based on nanoheterostructures for photoelectric conversion of concentrated light; 2) Fresnel lenses, that provide 900-fold solar power concentration; 3) high-precision sun-tracking systems.

The proposed concentrator photovoltaic modules accurately focus the solar light falling on the 50x50 mm Fresnel lens surface to the highly efficient cascade solar cell with size of less than 4 square millimeters. This way solar modules do not overheat due to specially designed naturally cooling heat sinks.

Cascade solar cells used in tandem with the concentrators will be produced with a CVD (chemical vapor deposition) method modified for use with different semiconductor materials on germanium substrate.

"It should be noted that concentrator technologies are more efficient and provide the most cost effectiveness in the long term. Development of concentrator technologies is more preferable while in the situation of silicon shortage", says Sergey Polikarpov, RUSNANO managing director.

A full production cycle, which includes cultivation of nanoheterostructures, chip manufacture, modules assembly, sun-tracking systems production and solar photovoltaic plants assembly, will be created under the project. The total capacity of the new power plants is to be about 85 MW per year. It is expected that in 2015 the project company's revenue will exceed 130 million Euros. RUSNANO, Module Solar AG and "Solnechniy Potok" (Solar flux) company, established by the key developers of technology, are taking part in the project company chartered capital. RUSNANO will invest 1 290 mln rubles in cash and the other members of the project will also provide funds and intellectual property totaling 1290 mln rubles. In addition, the project is expected to raise 3150 mln rubles from investors. The total budget of the project is estimated as 5730 mln rubles.

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About RUSNANO
The Russian Corporation of Nanotechnologies (RUSNANO) was established in 2007 by the Federal law š 139-FZ to enable Government policy in the field of Nanotechnology.

To accomplish this task, RUSNANO co-invests in nanotechnology industry projects that have high commercial potential or social benefit. Early-stage investment by RUSNANO lowers the risk of its investment partners from the private sector.

RUSNANO participates in building nanotechnology infrastructure, which includes the nanotechnology centers of excellence, business incubators and early stage investment funds. RUSNANO provides scientific and educational programs that are required for its investment projects to succeed, and also supports the popularization of nanoscience and nanotechnology. RUSNANO selects promising spheres for investment based on longer-term foresight created by the leading Russian and world experts.

To assist the Russian nanotechnology industry advance to the global market and strengthening of its international links RUSNANO develops partnerships with the leading nanotechnology centers in the world and organizes the annual Nanotechnology International Forum in Russia.

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