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CIGS solar firm SoloPower lands USD20m
SoloPower has raised USD20m in funding from undisclosed sources, according to a regulatory filing. The funding, which comprises a mixture of debt and options, will be used to support manufacturing expansion alongside a USD197m loan guarantee the Californian firm received from the US Department of Energy (DOE) in August. The firm produces CIGS-based (copper, indium, gallium, diselenide) solar cells and claims its electroplating method for production is cost effective because it combines high material utilisation with low-cost equipment
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