• 21/03/2012
  • |     BB

NovoPolymers Doubles PV Film Production Capacity

Investment of 4.2 million euro to support rapid growth and expansion on photovoltaic market.

Trefwoorden: #Capricorn, #energy, #FPIM-SFPI, #novopolymers, #photovoltaic

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Techniek

ENGINEERINGNET.EU - The Belgian producer NovoPolymers is planning a further expansion of its plant, which produces proprietary polymer based encapsulation foils.

This expansion should lead to a production capacity of 1 gigawatt-peak. Moreover, the company will further strengthen its organization and capital.

To this end, Novopolymers’ existing shareholders Gimv and Capricorn Cleantech Fund together invest 4.2 million euro in the company’s second financing round.

NovoPolymers, which was founded in 2008, produces polymer based encapsulant films for the photovoltaic market. The films are suitable for the encapsulation of both crystalline and thin film cell technologies.

These foils have a number of advantages for the module manufacturer towards production efficiency and ease of application.

During 2010 a 500 MWp equivalent plant was build and put in operation. The current expansion should double the production capacity, to reach 1 GWp by early 2012.

A series of new encapsulant products, coming out of the R&D pipeline, will be marketed in the next months.


(picture: NovoPolymers)