Intel Capital, the corporate venturing unit of US-listed semiconductor company Intel, has led the €18.8m ($26m) investment in Sulfurcell, a Germany-based developer of solar panel modules.

The other members of the investment consortium are European power utilities Vattenfall Europe (formerly known as Bewag) and GdF Suez, Abu Dhabi state-backed Masdar Clean Tech Investments and venture capital firms Ventegis Capital, IBB Beteiligungsgesellschaft, Climate Change Capital Private Equity, BankInvest Group, Zouk Ventures, Conetwork Erneuerbare Energien and Demeter.

Nikolaus Meyer, chief executive of…

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