Oxford Photovoltaics Ltd (Oxford, England), a 2010 spin out from the University of Oxford, has spent many years optimising its perovskite solar cell technology. Perovskite solar cells are low cost to produce but initially came with low conversion efficiencies. These efficiencies have risen to exceed the maximum efficiency achieved in single-junction silicon solar cells. Perovskite solar cells have become commercially attractive.
In July of this year Oxford PV received £65 million (about $85 million) in a Series D round of funding. This included significant money from Goldwind, the leading provider of integrated renewable energy solutions in China, and Meyer Burger GmbH, a leading photovoltaic manufacturing equipment supplier.
Some of that money has now been spent with Meyer Burger to equip a 125 MW perovskite-on-silicon solar cell manufacturing line. However, Oxford PV did not disclose how much is being spent in Brandenburg.
"Oxford PV’s move to commercial manufacturer is building momentum. We now have the orders placed for our first 125 MW perovskite-on-silicon solar cell manufacturing line," said Frank Averdung, CEO of Oxford PV, in a statement.
All equipment purchased from Meyer Burger will be fully integrated and installed at Oxford PV’s industrial site in Brandenburg an der Havel, Germany. The complete production line will commence perovskite-on-silicon tandem solar cell production at the end of 2020.