September 21, 2009
Duebendorf,
Switzerland: Tata Group invests in Swiss CIGS Start-Up
Tata
group has invested in Flisom (Flexible and lightweight solar modules),
a Switzerland-based company, to mark its interest in the solar
photovoltaic industry and focus on developing the next generation
of clean energy as a future growth area. Further, a private Swiss
investor with business interest in start-up companies who provided
initial support and investment to scale-up the technology has
increased the investment.
Flisom
specializes in flexible and lightweight thin-film CIGS photovoltaic
solar modules and is in the process of setting up a 5 MW pilot
plant in Duebendorf, Switzerland for commercializing its breakthrough
technology. The estimated cost is approximately 25 million Euros
and in a phased approach, the company intends to scale up to over
100 Megawatt of annual capacity.
With
over 10 employees at present, Flisom plans to further increase
its personnel with experienced manufacturing and technical specialists.
Flisom will also raise additional funding in the near future in
order to accelerate the production ramp-up and commercialization
of its lightweight flexible solar cells.
Mr.
Kishor Chaukar, Managing Director, Tata Industries said, “Flisom
is an innovative start-up company, which is on its way to enter
the international market. It is led by a team of highly motivated
and talented individuals. Depending on the performance of the
company and the growth of the sector we would be looking at furthering
our association with them. We see value in this technology and
the resultant product not only as manufacturers or sellers but
also as users of it. It is a positive step to actively stimulate
the market for renewable energy, especially solar."
Added
Mr. Anil Sethi, Chief Executive Officer, Flisom, “The Tata group
has a significant presence in the energy sector and is known worldwide
for its quality consciousness and constant endeavours for improvement
and innovation. We have leadership in next-generation flexible
thin-film solar cells that have the potential to deliver electricity
at costs competitive with nuclear or fossil fuels. Tata group
has instilled their faith and trust in our breakthrough technology
and we are confident of delivering a quality product.”
Further details about: Flisom
and TATA Group
|
