Oxford PV to receive EIB funding for German perovskite pilot site
British perovskite technology company Oxford PV is expected to be provided $17.6m by European Investment Bank for a trial project in Germany. The operation will convert a PV thin-film module factory into a production plant for tandem silicon-perovskite PV cells.
UK perovskite technology developer Oxford Photovoltaics Ltd (Oxford PV) is poised to get financing from the European Investment Bank (EIB) for its pilot site in Germany.

The bank is considering providing EUR 15 million (USD 17.6m) for the project, which will turn an existing PV thin-film module factory in Germany into a "first-of-a-kind" plant for the production of tandem silicon-perovskite PV cells.

Oxford PV, a spin-out of Oxford University, announced the acquisition of the pilot line in Brandenburg, Germany in late 2016. EIB says on its website the site will allow the company to demonstrate its perovskite technology at full wafer scale in pilot volumes and deploy perovskite on silicon tandem cells. The total cost of the project is EUR 30 million.

Oxford PV has been backed by investors including Statoil ASA and Legal & General Capital in its drive to commercialise its perovskite-based solar technology that is set to boost the performance of ordinary solar cells. At the end of 2016 the company announced a joint development agreement with an unnamed global manufacturer of solar cells and modules.

(EUR 1 = USD 1.174)

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