Heliatek raises €80m
Heliatek, a world leader in organic photovoltaic technology and manufacturer of solar films, has successfully raised €80m to finance an expansion.
The funds will consist of a €42m principal amount, €20m of debt and around €18m in subsidies.
Thibaud Le Séguillon, CEO of Heliatek, said: “We are very pleased to have successfully completed this round of financing. This allows us to strengthen our global leadership in organic solar films and accelerate our expansion. We will continue to lead the way to enable distributed power generation in industrial and commercial buildings.
“We will continue our strategy by expanding the market of integrated building through the provision of large amounts of HeliaFilms organic photovoltaic technology to our customers, the materials sector for construction, and the construction industry.”
The round of financing was led by Innogy SE, one of Europe’s leading energy companies. New investors also include Engie, BNP Paribas and the CEE Group, an investment company of Lampe Equity Management specialising in renewable energy.
The European Investment Bank, under the ‘InnovFin – EU Finance for Innovators’ programme, granted a loan of €20m to Heliatek. This programme is a joint initiative launched by the European Investment Bank in co-operation with the European Commission, under the R&D programme Horizon 2020.
