Australian solar cell producer Greatcell Solar Limited (former Dyesol) has executed a subscription agreement for a strategic investment of AUD 4 million (USD 3,03 million) at 22 cents per share from an unnamed Australian food, water and energy fund. The funds are expected to be available in early December and will be employed to expedite plans to develop Greatcell’s prototype facility at CSIRO at Clayton, Victoria and to immediately commence procurement of long lead-time capital equipment required for the prototype facility.
According to the company, these activities will allow Greatcell to advance technology development and move forward with its commercialization schedule relating to glass substrate perovskite solar cells.
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