Solexant Corporation is considering building a new solar factory in Oregon. It has already received $41.5 million in solar financing for the thin-film solar panel factory.
The total cost of the solar factory could exceed $200 million and employ hundreds.
Solexant aims to lower the cost and increase panel sizes by printing solar receptors on rolls of backing material. This is an alternative to "growing" crystalline silicon ingots and cutting them.
Solexant has discovered a way to use nanocrystallization to put semiconductive material into ink. This will reduce the cost of building solar panels, reducing the overall cost to property owners going solar.
The factory, after being built, should produce 400 megawatts of solar annually.
During the first solar financing rounds, Solexant raised $22.5 million in capital. Olympus Capital Partners led the 3rd round of solar financing.
In addition, Oregon Energy Department certified Solexant for a tax credit to cover $37.5 million in eligible start-up costs. Solexant is also looking for a $25 million solar loan from Oregon. If the loan is approved, it will be the largest extended by the state.
