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Odersun AG Receives State Guarantees for 10 Million Euros in Loans

Company financing continuously secured with loans and guarantees

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Odersun AG, manufacturer of customized thin-film solar cells and modules, received state guarantees from the Federal State of Brandenburg for €10 million in loans. The raising of credit enables Odersun to advance its ramp-up of production and market entry with customized solar products based on a proprietary technology.

“The continuous commitment of our investors and the trust of the state government in the capability of our technology and strategic approach, ensure a secure funding in the course of our company’s market entry,” says Dr. Hein van der Zeeuw, CEO of Odersun AG.

Odersun is currently commissioning its 20MW production facilities in Fürstenwalde/Spree, Germany. Until the end of this year, the four already installed production lines will be in operation. Next to the manufacturing of standard thin-film modules, Odersun works on a portfolio with customer specific solar modules of special forms applicable for direct integration into buildings. First projects with building integrated solar modules by Odersun will be realized in 2011.

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