Uppsala University has set a new world record in the generation of electrical energy from CIGS solar cells, achieving an efficiency rate of 23.64%. This achievement was verified by an independent institute and the findings have been published in the esteemed journal, Nature Energy. The record res
Renewable energy development company Magnora is increasing its stake in Swedish solar cell technology company Evolar.
Magnora has a 28.44% stake in the company but has now decided to call the first of three options to increase its shareholding in the company to 40.7%.
When (and if) all options have been exercised, Magnora will own 63.5% of Evolar AB.
Magnora executive chairman Torstein Sanness said: Magnora is pleased to increase its shareholding in Evolar, and we believe the investment can deliver attractive returns to our shareholders and make a positive impact on society.
Evolar has a unique Perovskite deposition technology which will allow solar cell, module, and glass manufacturers to install a turn-key solution to increase cell efficiency significantly with a limited cost increase.