The Dutch province of Limburg has introduced an funding in photo voltaic panel producer Solarge.
Solarge produces light-weight photo voltaic panels designed to be an answer in places the place typical panels are too heavy.
In April, the corporate introduced that it had raised $3 million in enterprise capital to extend manufacturing capability at its manufacturing facility within the city of Weert, positioned in Limburg. It can be getting ready to construct a second manufacturing facility.
Limburgs Energie Fond (LEF), established by the province, is among the buyers within the funding spherical, making LEF a co-shareholder in Solarge. The quantity of the funding was not disclosed.
“The Limburgs Energie Fonds funding will allow us to make our modern, light-weight photo voltaic panels accessible to a wider viewers in the long run,” mentioned Solarge CEO Jan Vesseur. “We are delighted that LEF shares our imaginative and prescient and helps us in our mission to speed up the vitality transition.”
The Netherlands added 4.82 GW of photo voltaic final 12 months, taking its cumulative put in capability to greater than 24 GW.
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