trending Market Intelligence /marketintelligence/en/news-insights/trending/6CsIb3QajeUK3c-H6GQDzQ2 content esgSubNav
In This List

Oxford Photovoltaics closes £31M financing for perovskite solar cell technology

Research

US utility commissioners: Who they are and how they impact regulation

Blog

Q&A: Datacenters: Energy Hogs or Sustainability Helpers?

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding


Oxford Photovoltaics closes £31M financing for perovskite solar cell technology

U.K-based Oxford Photovoltaics Ltd. closed the first portion of its series D funding round, raising £31 million from a new investor and existing shareholders.

The transaction includes participation from Xinjiang Goldwind Science & Technology Co. Ltd. for £21 million and from current investors Equinor ASA and Legal & General Capital. Oxford Photovoltaics plans to use the funding to move its perovskite solar cell technology into commercial phase.

"It is our belief that photovoltaics and wind power will become an increasingly important part of the global energy mix over the next 20 years," Goldwind Vice President Xiao Zhiping said.

Alexa Capital served as the sole financial advisor to Oxford Photovoltaics.

Oxford Photovoltaics has raised about £76 million in funding since 2014. It received €15 million from the European Investment Bank in December 2017.