Successful financing round for off-grid solar module manufacturer
Summary
OPES Solutions, the market leader in off-grid solar module manufacturing, announces today successful completion of its financing round with two leading impact investment companies, Kawisafi Ventures in Kenya and Quadia, based in Switzerland. The financing by Quadia is provided by an investment fund managed by the Swiss company in partnership with the Belgian bank Degroof Petercam.With operations in China, Germany and Hong Kong, OPES Solutions is strengthening its position as a global leading supplier for the fast growing off-grid Energy Access and Smart City markets. The research activities of OPES Solutions include new solar module design & materials, direct integration of solar modules into innovative applications and development of innovative mass-manufacturing processes & equipment for small modules.The investment focus of the new shareholders is perfectly matched to what the Founders of OPES Solutions aim to achieve, supporting the solar electrification of more than 1 billion people who are currently without energy access, as well as responding to the trend of fast growing cities all over the globe that require innovative technological solutions to be environmentally sustainable. As the market leader for Off-grid solar modules, OPES Solutions is a perfect fit, says Amar Inamdar, Managing Director at KawiSafi.Quadia invests in sustainable companies that drive the regenerative economy. For example, the patented integrated Flying Fibre Laser from OPES Solutions increases the throughput of cutting solar cells by 8-fold, and with better quality and yield than comparable machines.Tom Tang, CTO & Co-Founder of OPES Solutions: Though we have come far without a financial partner in the past, KawiSafi and Quadia bring not only network & knowledge for our two key markets, but also financial power to give our key R&D &and expansion projects an important boost.