Statkraft Ventures participates in Norsun’s NOK 90 million round for ambitious growth
Summary
Through this transaction, existing shareholders, new investors and the companys creditors have made it possible for NorSun to utilize its position as the leading western wafer producer for further development and expansion, both in the USA and Europe," says John Andersen, Jr., Chairman of NorSun.The new capital will be used to build an organization that will realize growth projects in the US and Europe. This includes finalizing the plans for a 5 GW production facility in the USA where the framework conditions are now very favorable. This work will be coordinated with assessments of the possibilities for further expansion in \xc5rdal, thus laying the foundation for growth projects in Norway and Europe. We believe NorSun as the only European wafer producer today, is well positioned to succeed in building a new 5 GW production facility in the US," says Anders Prietz, Managing Director of Statkraft Ventures. Due to the geopolitical changes, both the USA and the EU are now launching ambitious plans to rebuild their respective industrial value chains for solar energy.