The semiconductor technology producer paid an undisclosed sum for an 18% stake in solar film developer Oxford PV, which closed the first tranche of its series D round last week.
Semiconductor technology producer Meyer Burger has invested an undisclosed amount in UK-based thin-film solar technology developer Oxford PV in return for an 18% stake.
Founded in 2010, Oxford PV manufactures thin, electrically conductive film made from a mineral known as perovskite. It is affixed to solar cells to bolster their performance and energy output, with the intention of making solar-generated electricity more cost-effective.
Meyer Burger’s investment came days after the $41m first close of Oxford PV’s series D round.…
