Gimv, Capricorn Cleantech Fund and SFPI-FPIM jointly subscribe to a EUR 5.4 million capital increase of NovoPolymers NV
Puurs, March 21, 2012. With this capital increase, NovoPolymers NV will accelerate its innovation roadmap and internationalization in the global solar industry.
NovoPolymers is a unique, innovation driven company specialized in the design and conversion of polymer formulations into photovoltaic encapsulant sheets. Encapsulants are a critical and crucial component of crystalline silicon as well as thin-film based photovoltaic modules.
Download pdf: English / Francais / Nederlands
Gimv and Capricorn Cleantech Fund invest EUR 4.2 million in NovoPolymers NV. This investment supports the rapid growth and expansion of NovoPolymers NV.
Puurs, February 3, 2011. NovoPolymers is planning a further expansion of its Belgian plant, which produces Novopolymers’ proprietary polymer based encapsulation foils. This expansion should lead to a production capacity of 1 gigawatt-peak. Moreover, the company will further strengthen its organization and capital. To this end, Novopolymers’ existing shareholders Gimv and Capricorn Cleantech Fund (CCF) together invest EUR 4.2 million in the company’s second financing round.
Johan Declerck, CEO NovoPolymers: “Early 2008, our vision was to bring innovation in encapsulation hand in hand with significant production capacity, as we believe this is the only way forward for an emerging industry in renewable energy to become sustainable. With this capital round we are on schedule to get our first plant to a necessary 1 GWp scale. On top we have reassured by this round that our R&D pipeline can continue to design innovative products and our organization can be strengthened with top quality key personnel.”
Download pdf: English / Français / Nederlands