Intel invests $20 million in Chinese solar maker

October 28 2008 / by Garry Golden / In association with Future Blogger.net
Category: Energy   Year: 2015   Rating: 2

Intel’s investment arm announced its first major solar investment in China with a $20 million equity investment in solar maker Trony Solar.

Solar’s Roadmap: Lowering Manufacturing Costs
The solar industry must pursue two simultaneous paths. Researchers must continue to expand efficiencies, while manufacturing engineers figure out ways to scale production and drop costs.

Intel has mastered manufacturing and specialty materials development in the semiconductor world, and its involvement in solar is welcome by most industry advocates. In June 2008 Intel spun-off SpectraWatt to manufacture PV (photovoltaic) cells for solar panels with $50 million in funding from Intel Capital and other investors. In July, Intel Capital led funding for a German thin-film solar company Sulfurcell with $35 million to expand production capacity. Intel has also invested in specialty chemicals maker Voltaix which is also working with XsunX solar startup.

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Intel Press release

AP Report

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