A day after First Solar made waves with its agreement with the Chinese government to build a 2,000-megawatt solar farm in Mongolia, Silicon Valley startup Nanosolar took the wraps off its much-hyped thin-film photovoltaic technology and announced it has booked $4.1 billion in orders from solar developers. As I write in today’s New York Times:
Since its founding in 2002, Nanosolar has raised a lot of money – half a billion dollars to date – and made a lot of noise about upending the solar industry, but the Silicon Valley start-up has been a bit vague on specifics about why it’s the next big green thing.
On Wednesday, Nanosolar pulled back the curtain on its thin-film photovoltaic cell technology — which it claims is more efficient and less expensive than that of industry leader First Solar — and announced that it has secured $4.1 billion in orders for its solar panels.
Martin Roscheisen, Nanosolar’s chief executive, said customers include solar power plant developers like NextLight, AES Solar and Beck Energy of Germany.
The typical Nanosolar farm will be between 2 and 20 megawatts in size, Mr. Roscheisen said in an e-mail message from Germany, where he was attending the opening of Nanosolar’s new factory near Berlin. “This is a sweet spot in terms of ease of permitting and distributed deployment without having to tax the transmission infrastructure.”
You can read the rest of the story here.