Q-Cells to Supply Solaria with 1.35 GW in Solar Cells

http://www.renewableaccess.com/rea/news/story?id=49397

Solaria Corporation closed a $50 million Series C round of funding led by Q-Cells AG, in which Q-Cells increased its stake to 33% in Solaria. Plus, Solaria secured a cell supply agreement with Q-Cells ensuring Solaria access to 1.35 gigawatts (GW) over the next ten years.

"Solaria has a high synergetic potential to deliver important cost savings to the current mainstream solar cell applications."-- Anton Milner, Q-Cells AG, CEO

This cell supply arrangement will enable Solaria to produce more than 2.7 GW of PV modules using its proprietary cell-multiplication technology. The two companies will cooperate on the advancement of cell-specific technologies.

"Our long-term agreement reflects Q-Cells' willingness to support its partners and the value proposition our technology brings to the table," said Suvi Sharma, CEO of Solaria.

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Soliaria was, by far, the the creepiest of Isaac Asimov's Spacer worlds (read http://en.wikipedia.org/wiki/The_Naked_Sun">The Naked Sun.)